Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Whole life insurance
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Ohio Snake" data-source="post: 15905920" data-attributes="member: 157862"><p>Its very clear you understand this concept and the many ways this funding can be helpful. The average person will not understand it. </p><p></p><p>The Pros and Cons really come down sex, health and lifestyle and policy design. Healthy women typically have a lower Cost Of Insurance than men. A second-to-die policy may be more beneficial if utilized with a separate term policy. Those with health issues and/or tobacco users can impact Cost Of Insurance ( COI) to be a hinderance for Non MEC level premium funding.</p><p></p><p>The correct policy type ( preferably variable or some fixed indexed) with proper design is key. Death benefit option B ( death plus cash value option) also enhances chronic illness “ pool of cash” with additional cost.</p><p></p><p>The IRS and Congress have tried to impose taxation on cash value growth and restrictions on abused 419 plans in the past. Taxation has been discussed for 30+ years with good resistance. 419 plans have been subject to IRS audits. As long as the current IRS provisions stay put, life insurance is a safe haven.</p><p></p><p>As you may be aware, we mention life contracts as FIFO contracts. Annuities are LIFO contracts. Should IRS rules change in the future, the outlet would be tax exclusion ratio distributions in non-qualified annuity contracts. As of today, only one carrier allows this without solid annuitization as per IRS Private Letter Ruling. Lincoln Financial has this process somewhat protected as proprietary concept until late 2019. I expect more carriers to jump in this arena in 2020 and beyond. Essentially, ratio distributions allow a portion of cost basis to be included in distributions resulting in higher net income.</p><p></p><p>Its good to see others know and talk about this little known strategy which can be a huge benefit.....and we have not even scratched the surface on potential positive impact this strategy can have on social security benefits!</p><p></p><p></p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 15905920, member: 157862"] Its very clear you understand this concept and the many ways this funding can be helpful. The average person will not understand it. The Pros and Cons really come down sex, health and lifestyle and policy design. Healthy women typically have a lower Cost Of Insurance than men. A second-to-die policy may be more beneficial if utilized with a separate term policy. Those with health issues and/or tobacco users can impact Cost Of Insurance ( COI) to be a hinderance for Non MEC level premium funding. The correct policy type ( preferably variable or some fixed indexed) with proper design is key. Death benefit option B ( death plus cash value option) also enhances chronic illness “ pool of cash” with additional cost. The IRS and Congress have tried to impose taxation on cash value growth and restrictions on abused 419 plans in the past. Taxation has been discussed for 30+ years with good resistance. 419 plans have been subject to IRS audits. As long as the current IRS provisions stay put, life insurance is a safe haven. As you may be aware, we mention life contracts as FIFO contracts. Annuities are LIFO contracts. Should IRS rules change in the future, the outlet would be tax exclusion ratio distributions in non-qualified annuity contracts. As of today, only one carrier allows this without solid annuitization as per IRS Private Letter Ruling. Lincoln Financial has this process somewhat protected as proprietary concept until late 2019. I expect more carriers to jump in this arena in 2020 and beyond. Essentially, ratio distributions allow a portion of cost basis to be included in distributions resulting in higher net income. Its good to see others know and talk about this little known strategy which can be a huge benefit.....and we have not even scratched the surface on potential positive impact this strategy can have on social security benefits! Sent from my iPad using Tapatalk [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
Whole life insurance
Top