Most intra-group reorganizations do not trigger taxable events.

Forty-nine years is the key because anything longer is considered a taxable event.

The purpose of this arrangement is to diversify their holdings without triggering a "taxable event".

That way, you don't create a taxable event.

Borrowing using the policy as the sole collateral is typically not a taxable event, although interest must be paid or accrued.

"Check-writing is another taxable event that some people don't recognize," he said.

It could be the taxable event of a lifetime.

"We don't let people bet on credit; we also report everything that happens if there's a taxable event," he said.

We think death should not be a taxable event.

(Some ownership restrictions apply; transfers may result in a taxable event.)