Can You Hold Life Insurance In An IRA?

  1. 325 POINTS
    Robert Bland, CLU
    Founder, CEO, LifeQuotes.com, Darien, IL
    Generally speaking, life insurance may not be held or titled as an IRA or qualified plan.  Nor can life insurance be housed or kept inside such a plan.  However, there is one small exception.   A qualified plan, under the "incidental benefit" rule can contain a small amount of life insurance.   But keep in mind that the amount of allowable death benefit must be very small and qualify as "incidental" compared to the overall plan balance.
    Answered on April 22, 2014
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