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
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
Are you ready for true ALTERNATIVE FINANCING that does not include banks or credit cards? Are You A Candidate for Privatized Banking? Not everyone is a candidate for Privatized Banking or can qualify for a “Infinite Banking” policy. The ideal … Continue reading
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Even though this site is dedicated to Advanced Life Insurance Solutions, it is important that you have a definition reference for terms that you may not be familiar with. Administrative Expense Accelerated Death Benefits (AKS “Living Benefits”) Accrued Interest Agent … Continue reading
Accidental Death Insurance Generally, an add-on to a regular life insurance policy, Accidental Death Insurance is a pretty accurate name. It is only paid if the death of the insured occurs as a result of an accident. Accidental Death and … Continue reading
The Whole Story Privatized Banking, Bank On Yourself or Cash Flow Banking Concept Using Participating Whole Life or Indexed Universal Life Insurance Warning: This is a long post about the use of Participating Whole Life or Specially Designed Indexed Universal Life … Continue reading
What is it and How Does It Work? The Top 10 Advantages of the Infinite Banking (Privatized Banking”) Concept Privatized (infinite) banking is a concept created by Nelson Nash that focuses on how you can become your own banker using dividend-paying … Continue reading
rance-policies/Stick to the top of the The Tax Advantages of “Safe Zone” Life Insurance Policies With “Safe Zone Life” insurance, you gain significant tax advantages. If the policy is utilized correctly, you aren’t taxed on the growth, and you can … Continue reading
Non-Direct Loan Recognition A “privatized banking” policy has a specific feature designed to allow the policy owner access to money through non-direct loan recognition from the insurance company. In other words, the insurance company will loan you money from their assets … Continue reading
Privatized Banking Pros & Cons The Cons: The Pros: Are You A Candidate for Privatized Banking? MENU QUOTE REQUESTS:
