Keith Friedman

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Last quote by Keith Friedman

Usually you can have the insured and the owner be the same person, and the beneficiary is the second person. Then you've created a tax-free environment. However, if all three of those people are different people or different entities, you have created a taxable income gift to your heirs or to whoever the beneficiary is, because it's deemed as a gift through the way the tax law reads.feedback
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Jan 22 2017
Keith Friedman has most recently been quoted in an article called Avoid these common life insurance traps. Keith Friedman said, “A life insurance policy exists outside your will. It's a contract with the life insurance company. So the life insurance company actually doesn't care what the will says.”. Keith Friedman has been quoted a grand total of 11 times in 1 article.
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