RECORDED WEBINAR: Life Insurance Over-Funding Limits Reduced in 2020
November 1, 2019 @ 12:00 am - January 1, 2020 @ 12:00 am
On New Year’s Day, the government is putting a new speed bump in the road many of our clients have traveled toward tax-free retirement income.
But the road remains open right now . . .
In this webinar, Jonathan Krueger will explain:
- How indexed universal life policies fit in a wealth accumulation and tax-free retirement income strategy;
- The effect of the new regulations on accumulation and tax-free income strategies; and
- The steps to take to beat the regulatory reduction.
Many of our clients have successfully accelerated their wealth accumulation and established a tax-free income stream through the use of indexed universal life (IUL) insurance policies. IULs offer tax-deferred cash-value accumulation that, properly managed, leads to a tax-free retirement income stream while maintaining a death benefit. We can fit them into your financial planning in many ways; as key person policies for business owners, premium financing plans, and of course life insurance protection. But regulatory changes, which take effect on January 1, 2020, will substantially reduce the ability of such policies to promote wealth accumulation or produce a tax-free income stream by increasing their permissible initial face amount–to–premium ratio. If you’re one of our clients who already has one of these policies in place, congratulations! Your policy will be grandfathered so that the limiting effects of the new regulation won’t impact you!
But if you (or anyone you know) are not one of those clients, and you have concerns about future taxation policy changes such as David McKnight raised in The Power of Zero – or you just have accumulation goals yet to be achieved – you will want to listen to our recent webinar, “THE RICH MAN’S ROTH: OVER-FUNDING LIMITS REDUCED IN 2020.” CLICK HERE TO LISTEN
Because of the processing times required for these policies, there is not much time left to apply for them so that they will issue before the January 1 deadline. Even if your financial goals only partially include accumulation or tax-free income streams, we urge you (and anyone you know with the same concerns) to contact us today!
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