Ep 20: Unexpected Tax Consequence of Living Too Long

In this episode, we discuss the unexpected tax consequence of living longer.Some life insurance policies mature at age 90. While these policies are designed to provide a death benefit to the beneficiaries upon the death of the insured, if the insured lives beyond age 90 and the policy has not been paid out, there can be a financial burden to the insured. This technicality is often overlooked by policy owners as they plan for their financial future.