Look What The Wealthy Are Doing

Why is this show titled “Look What The Wealthy Are Doing”? Because, under the current IRS tax code, a properly structured cash value life insurance policy, is one of the few assets that provide tax-advantaged access (I.E. Tax-Free Distribution). In fact, when setup properly, they are treated and taxed exactly like a ROTH IRA. (Both are governed by IRS code section 7702) .

cash-value-insurance-illustration-1-512x640-338x422It should be noted that many agents do not understand how to setup a policy in this fashion. You should be 100% certain you are working with someone that is an expert in this area. When the right policy is put in place, not only are the proceeds tax-free, but there are much higher contribution limits when compared to ROTH IRAs. (Many people fund these plans at $60,000 per year or more. Compare this to the limitations of ROTH IRA’s and the fact that many high income earners can’t event participate in a ROTH IRA.

See the entire list of benefits discussed on this broadcast, go HERE (Also watch the video below)

Watch the video below to see David give a detailed analysis Of a Cash Value Life Insurance Policy VS. an alternative market based account. There is a lot of negative information out there about cash value life insurance. Much of it is based on a misunderstanding of how these policies work . In fact, many life insurance agents don’t even know how to setup a policy to maximize the living benefits that a contract offers. If for some reason your internet browser is not properly displaying the video below, you can click HERE to watch the video as well.


Additional Resources to learn more:

SEE: Look What The Banks Are Doing


SEE: How Banks Make Money

Also see the video: Borrowing Strategies.

David and his firm specialize in these advanced insurance strategies and can assist you further on this topic. David and his team can be reached at: (800) 559-0933 or visit: DavidLukasFinancial.com

As David promised on this broadcast, below is the Federal Income tax rate history since its inception in 1913. (To view this chart in all its glory (Bigger Version) simply click on the image below. Do you think taxes are going up, down or going to stay about the same?