Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-07-2015, 04:31 PM
Junior Member
 
Join Date: Feb 2015
Posts: 1
Transfer from Life Insurance to 529

Is there a way to transfer funds from a life insurance policy which we want to close to a 529 without becoming liable for a distribution for the value of life insurance policy?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-08-2015, 06:55 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by srjjmart View Post
Is there a way to transfer funds from a life insurance policy which we want to close to a 529 without becoming liable for a distribution for the value of life insurance policy?
you need to talk with your administrator/agent for more accurate info; it is possible to open up a 529 plan with funds from the life ins. Policy.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance tal10 For 2014 1 12-08-2014 06:06 PM
Insurance is nessessary for life st david Life Insurance 3 11-12-2013 01:47 AM
life insurance expense jimit.shah C-Corporation 1 04-20-2009 08:14 PM
Officer Life Insurance Premiums Jack C-Corporation 1 08-19-2008 10:28 PM
Does it matter what Life Insurance Company I select to purchase Life Insurance? Edmund Life Insurance 0 08-23-2007 08:24 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.