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 …
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% …
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 …
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 …
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 …
Most of the time, it is probably because people just don’t know about it! Life insurance agents need to know how to properly set up a policy to make the IBC work most effectively. Agents also need to be willing to set the policies up properly. High cash value life insurance policies will end up …
A properly designed cash value life insurance policy with one of the 4 Major Mutual companies! It’s safe, tax-free, liquid, and a fixed asset. Of course, this is not the only place you can get this kind of return. We don’t believe this is the only place you should put your money! Owning a business …
First, it’s the most important piece of making a High Cash Value Life Insurance actually work! Any money that goes into this Paid-Up Additions Rider is money that is going into cash, not an insurance expense. These are the dollars that will begin earning interest immediately and that you have access to any time. That’s …