Book Description

Completely up to date... Includes 2001 cumulative supplement! You'll find the answer to every question that may arise regarding life insurance and how it relates to qualified plans and estate planning in Panel's LIFE INSURANCE ANSWER BOOK. This easy-to-use resource guides you expertly through all aspects of life insurance from design and structure to implementation and administration. Rules and regulations are also clearly outlined to ensure that you're complying with the applicable federal and state requirements. You'll find clear, concise and easy-access information and advice in four key areas: = insurance fundamentals = qualified plans = fiduciary responsibility = estate planning The book makes it easy to... = select life insurance policies from the array of choices and options = administer a problem-free plan = gain a clear picture of the underwriting process = Understand The tax aspects of insurance = use innovative estate planning and nonqualified planning techniques = draft air-tight plan provisions using sample plan language. More than 1000 questions are thoroughly explained, covering such topics as: = Legal requirements of insurance = Life insurance as it relates to qualified plans = Fiduciary responsibilities of employers, trustees, and administrators = Regulations governing insurance contracts = Department of Labor and IRS disclosure and reporting guidelines = Records retention = Life insurance as it relates to estate planning and other benefits = and more!