• Aviod these common life insurance mistakes
  • August 31, 2010
  • Law Firm: Zell Law - Reston Office
  • Many of you have purchased life insurance to provide liquidity and protection for your families when you are gone. Here are some common mistakes, pitfalls and misperceptions in buying and owning life insurance policies: All life insurance is not tax-free, Incidents of ownership have tax consequences, Having kids own the policy may not be best, and Insurance trusts need care and attention.