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All About The MEC

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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Should You Be Offering Whole Life Insurance at Your Business? Yes! — And Here’s Why

Offering whole life insurance at your business benefits more than just your employees. It can help you gain independence from bank loans and also has tax advantages. At IBC Global, Inc., we help small businesses, large corporations, and medical practices implement corporate-owned life insurance policies. Learn the top five benefits of investing in this insurance …

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All About The Fixed Loan Rate

Fixed loan interest rates are common among many insurance companies. Fixed loan rates are much easier to understand as the term “fixed” means just that – the rate is fixed and will not adjust.  With that said, it is beneficial to be aware of what features exist with policies that carry a fixed loan rate. Most companies/policies that have a fixed loan rate usually have a rate …

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All About The Variable Loan Rate

Variable loan interest rates on a life insurance policy are very common today. Some hear the term “variable” and hesitate at moving forward due to the lack of control. In general, products with variable loans can result in a consumer’s paying more in interest because an institution decides to increase the rate.  The question is:  How do variable loan …

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What Is The Loan Interest Rate? 

The loan interest rate on a policy will vary depending on the company. Typically, interest rates will vary from ~5% – 6% with most insurance companies, although some companies still carry an 8% loan interest rate.  Most Insurance policies offer a fixed or variable rate.  Some companies offer both, but the policyholder must select whether we want a fixed or …

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