In general, you must begin receiving minimum distributions by April 1 following the later of (1) the year in which you reach age. 70Â½ or (2) the year in which you retire from service from the employer maintaining the Plan.
Permanent insurance provides lifelong protection, and the ability to accumulate cash value on a tax-deferred basis. Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay your premiums.
Definition of term life insurance: A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs... Definition of term life insurance: A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs... Home Articles