Have a Question? 
Have a Question? 
866 523 1393

Can I decide how much money goes into premium and how much goes into PUA's?

Knowledge Vault > FAQ Continuation > Can I decide how much money goes into insurance and how much goes into cash?

Of course, there are just a couple guidelines to stick to when deciding how much money to put towards each.
Your insurance premium must be at least 10% of your total deposit. So however much your insurance premium expense is, you are allowed to put in 10 times that amount as your TOTAL deposit. This is the insurance companies’ limit – first and foremost, it is a life insurance policy and it requires you put in money that gives you a death benefit.
The IRS also specifies a limit on how much money you can put into a life insurance policy per year. If you exceed this MEC (Modified Endowment Contract) limit, they will view the policy as a taxable investment and not just life insurance. You do have some flexibility with this limit, as you can actually choose where you want to set it. For more on the MEC Click here.
Copyright 2021 - whycashvaluelife.com - All Rights Reserved

IBC Global Inc is independent of and at no point has been affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC. Website Powered By Atkins Tech Solutions
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram