Bonus life insurance plan benefits supervisor?

 let the policy lapse or Surrender that all those loans now they're going to become taxable income to you and that's a disaster that's cuz you don't have cash but a big tax bill that this policy has to be left to maturity has to be left until death occurs you gotta be sure you manage to that degree that was sure that its never lapses no the other issues were comparing it to an investment product here and you're talking about an insurance Arrangement so you know what that's different too I mean there's a death benefit in the insurance and the other is that if you can sort of an ancillary benefit life insurance policies benefits the problem is that life insurance policies are typically designed to be very cost-effective savings Vehicles a lot of the elements of the life insurance piece of itself is really designed to minimize the death benefit to be the qualifications of section 7702 but to maximize the amount of investment that you can do that the right kinds of variable policies because someone's going to want the various accounts within the contract you can pretty much get those types of benefits on a much more cost-effective life insurance for that purpose ability create that has significant benefits to the age of the person and so we can determine by back again to how much coverage how much net amount at risk and insurance carrier has to happen every single year and so we created a contract that actually go up and down and very by the minimum amount of taxable for tax purposes of life insurance from the individual's perspective we really haven't heard what they are and how they work leave the employer may be contributing to this world that's really concerned about the money because of security purposes a hundred percent security here from Life Insurance number of professional practice Enterprise Products today the Coley the same quality product that a corporation would buy in a lot of years ago either one of very simplified issue basis or on a guaranteed-issue basis meaning that header 3 actively at work when you sign up and then you can send the consent form we had before you don't have to show any other evidence of insurability an individual basis you do have to be insurable so if you're in trouble let into their set up either way you can do it either way and get the flexibility is who pays for it paid for it and all the rest of it and then you can see all the bells and whistles that go along with particular policy that you bought and then you have the same as most of these policies go online and look at them they're really pretty sophisticated vehicles using an ordinary life 162 bonus points are pretty sophisticated employer is paying the premiums taxable income gross things that you can do something for the employer to put in a matching contribution so it's as if you put in so much will match so much you can just be voluntary where you can put $2 and your self a lot of people that want to reposition their money take money from existing account that they have to use to fund this Arrangement add to this Arrangement rather than just doing it through a payroll deduction and why would I do that because you're looking for professional practice this over here that is not only fully taxable to me every year but it's also subject to any of my personal credit if I live in the protection of this month I reposition it into a policy where to get that credit protection and something how much can be contributed to the individuals contributing more there are careful to stay within the definition of life insurance right there is no limit to how much you can put into this plan has to be such that you put in the definition of 77 so you have a life insurance right now thinking that you may need to go even though make sure you don't want one that's terrific thank you very much