Back to Knowledge Base→ https://youtu.be/Fymh2poKgK8Every individual is going to have different needs and abilities when it comes to a cash value policy. What many are not aware of is that one can choose where your money goes in a life insurance policy. You may direct dollars toward base premium (insurance expense) or a PUA Rider […]
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Non-Direct Recognition companies operate this way: A Non-Direct Recognition company does not recognize that a loan has been taken and will credit the current dividend rate to any money that is in a policy’s cash value AND outstanding in loans (amazing, but true). Here is an example: Cash Value: $100,000 Dividend: 6.00% Loan Rate: 5%
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Back to Knowledge Base→ Let our expert designers analyze your existing policy to see if you are set up for maximum cash value growth! Upload pages of your policy Our Innovative Life Insurance Specialists will carefully analyze and rate the cash producing power of your policy You will receive a detailed analysis confirming that you
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It definitely CAN be! As long as the policy is set up correctly and everything is done properly, you can absolutely avoid paying any taxes. However, it is possible to trigger a taxable event. There are 2 taxable events to avoid: Triggering a MEC / exceeding the IRS’s limit on the total amount you can
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https://youtu.be/o5RLCdwhzOc MEC Limit: The MEC Limit is the maximum amount of money you may deposit to a policy per year. This is an IRS limit. If we exceed this limit, our policy becomes classified as a MEC, and we have to deal with taxes. Did you know that you can set the MEC limit wherever you
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Can you explain all of the options and answer any other questions that I may have? Read More »
https://youtu.be/t1spxTP5xWI Top US corporations and America’s largest banks have already put BILLIONS into these products! Disney, JC Penny, Starbucks, Panera Bread, Nike, and Verizon are just a few examples of these who own and use high cash value life insurance policies to better their businesses. Many corporations and major US banks have cash value positioned
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A policy can be used very similarly to a line of credit. The one catch is that the policy has to be reasonably funded first to build up the cash value so that you have enough to borrow from. If you pay a debt in a typical way just using cash, you may not have
How can a policy be used to eliminate debt? Read More »
We get paid directly from the insurance carrier. There is no extra cost to you as the policyholder for using an agent to help set up your policy.
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