Annuity arbitrage offers tax breaks now for gifts after death

11/21/2013 | National Underwriter Life & Health

Older clients who plan to make testamentary gifts to charities when they die can enjoy tax benefits in life for their gifts by using a technique called annuity arbitrage. This calls for the purchase of two insurance products on the life of the same person, one a single-premium immediate annuity and the other a guaranteed universal life insurance policy, writes lawyer Jordan Smith, vice president for advance design at Schechter Wealth Strategies.

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