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re: Questions regarding IRAs
Posted on 8/10/17 at 7:00 pm to UpstairsComputer
Posted on 8/10/17 at 7:00 pm to UpstairsComputer
quote:
Take an upvote. I appreciate the response. I'll pass that along to my friend. Sounds like defining where it may work and where it wouldn't makes all the difference. What type of policy are you talking about if it's not whole or universal? Variable?
It is not a traditional whole life, where there is a lot t of fees. I am talking about putting a rider/enhancement on The policy to decrease the commission to the insurance agent and kick start the growth on the policy.
You structure it to where the goal of starting the overfunded whole life policy is for growth enough for protection. It is for tax benefits, liquidity to the money, along with having a small life insurance benefit attached to it. You are not doing it for insurance, but for accumulation and utilization of those funds growing in the policy.
Posted on 8/11/17 at 10:54 am to player711
So what's the stated interest received?
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