Are there any tax advantages to owning ordinary life insurance?

Whole Life Insurance. Whole life or ordinary life insurance is a type of permanent life insurance. It provides coverage for the life of the insured and can ... What is the difference between Ordinary life and Limited-payment life? Read about some common uses for Whole Life Insurance. Section 72(e) does not specify whether income recognized upon the surrender of a life insurance contract is treated as ordinary income or as capital gain. Thus, ... ... ordinary life insurance since the premium payments are squeezed into a shorter period. Although you pay higher premiums, to begin with, for whole life insurance ... According to their 2010 annual statement filed with the Department, Monumental Life. Insurance Company reported direct premium in Delaware for ordinary life ... Ordinary life refers to a type of whole life insurance contract arranged so that the premiums are payable as long as the insured lives. NRS 688A.340 Basis for calculating adjusted premiums and present values on ordinary policies issued after operative date of this section; election to come under ... Information provided on a voluntary basis will be used by VA employees and your authorized representatives in the maintenance of Government Insurance programs. Our industry-leading coverage lasts your entire life and has many benefits you can use along the way. Get insurance. What is whole life insurance? Enjoy ... Mar 5, 2013 ... They consist largely of policy registers for the “Ordinary Division” (offering whole life and annuity products) and the “Intermediate Division” ...