Author Archives: SafeZoneLife
KeyPersonLifeIns.com
As a business owner, losing a “key person”—such as a partner, top executive, or any other critical individual—can be catastrophic to the business. It could prove to be nearly impossible to replace them without serious financial consequences to the business. … Continue reading
Funding Buy-Sell Agreements
In addition to the multitude of benefits a “Pri-Ban” policy offers, one of the most beneficial for a business with multiple principals is the funding of “Buy/Sell Agreements” among the principals. The Advantages of a Buy-Sell Policy For those who … Continue reading
Posted in Funding Buy Sell Agreements
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Using an IUL as an Investment Vehicle
Using an IUL as an Investment Vehicle This post is a response to all those naysayers who say that an Indexed Universal Life (IUL) policy cannot, or should not, be used as an investment tool. Let’s be clear here, the … Continue reading
Posted in IRS Code 7702, Living Benefits (AKA “Accelerated Death Benefits”), Non-Direct Loan Recognition
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Tax-Free Retirement Visual
One of the benefits of Infinite Banking is “Tax-Free Retirement.” Since the end results are based on a plan design that is tailored specifically for you, please contact us and let us design a plan for you. Information concerning tax … Continue reading
Posted in Tax Advantages of Pri-Ban Life Insurance Policies
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Infinite Banking Visual
Contact Us so that we can design a plan for you. MENU QUOTE REQUESTS:
Posted in Privatized Banking
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What Kind of Policy Do You Use for Privatized Banking?
You are actively seeking the optimal life insurance policy tailored for Privatized Banking, a task that requires a precise selection. Your aim is to secure a specific type of life insurance that grants you accessible cash reserves, consistent compounding without … Continue reading
Posted in Privatized Banking, Privatized Banking - The Whole Story
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The History of Infinite Banking
(Privatized Banking) The History of Infinite Banking, or the concept of Infinite Banking gained prominence through Nelson Nash, who introduced it in his publication titled “Becoming Your Own Banker.” Nelson Nash, a veteran Life Insurance Agent with decades of experience, … Continue reading
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IRS Code 7702
What Is Section 7702? Section 7702 of the U.S. Internal Revenue Service (IRS) Tax Code defines what the federal government considers to be a legitimate life insurance contract and is used to determine how the proceeds the policy generates are taxed. The … Continue reading
Posted in IRS Code 7702
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Modified Endowment Contract (MEC)
What Is a Modified Endowment Contract? A modified endowment contract (MEC) is a tax qualification of a life insurance policy whose funding exceeds federal tax law limits. The taxation structure and IRS policy classification change after a life insurance policy … Continue reading
Posted in MEC (Modified Endowment Contract), Over-Funded Indexed Universal Life
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Living Benefits (aka “Accelerated Death Benefits”)
An advance cash payment of a portion of the insurance before the insured person dies. It allows for financial assistance to the insured individual while he or she is still alive. Not all policies will cover all 4 categories. There … Continue reading
Posted in Living Benefits (AKA “Accelerated Death Benefits”)
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