Category Archives: IRS Code 7702

Infinite Banking, in All Its Glory

Posted on April 20, 2023 by SafeZoneLife

Disclaimer: We are not suggesting that you are actually creating your own bank or that you are actually becoming a banker. Rather, we are stating a concept of taking back control of your money. You want to adopt a new paradigm … Continue reading →

Posted in Infinite Banking, IRS Code 7702, Over-Funded Indexed Universal Life, Participating Whole Life | Comments Off on Infinite Banking, in All Its Glory

Using an IUL as an Investment Vehicle

Posted on June 26, 2022 by SafeZoneLife

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 | Comments Off on Using an IUL as an Investment Vehicle

IRS Code 7702

Posted on April 23, 2022 by SafeZoneLife

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 | Comments Off on IRS Code 7702