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TOLI
(redirected from Trust Owned Life Insurance)

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AcronymDefinition
TOLITrust Owned Life Insurance


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Contributions to VEBAs are deductible, but (unlike 401(h) accounts) investment earnings are taxable unless the VEBA covers almost exclusively union employees and retirees, or are invested through a tax-sheltered insurance wrapper known as trust owned life insurance (
Advicon provides administrative and management systems to trust companies, banks, attorneys and accounting firms accepting trusteeship for Trust Owned Life Insurance (
 
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