How to Account for Investments of Stock With Life Insurance Companies

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Investments of stock with life insurance companies is something that needs to be accounted for in a very particular way. Find out how to account for investments of stock with life insurance companies with help from an accounting professional in this free video clip.

Part of the Video Series: Accounting & Finance
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Video Transcript

Hi, I'm Lori Greer from Atlanta, Georgia, and I'm here to explain how to account for investments of stock with life insurance companies. As you probably know, the stock market can be an excellent way to build the funds you'll need for a comfortable retirement. But it is important for you to document your investments carefully. If you are a long term investor, you should record every purchase in every sale of the stocks you own. This would also include investments in life insurance companies. By documenting all sales, purchases, dividends and capital gains, it will allow you to see how well you're doing. The extensive documentation will also make it much easier to file your taxes at the end of the year. Again, I'm Lori Greer from Atlanta, Georgia and that's how you account for investments of stock with life insurance companies.

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