Qualified Life Insurance. High early cash values Year 1 cash value up to 80% of 1 st year premium Competitive premiums 401(k) and “cash balance ” plans. Policy Form 2098-U; ICC08-2098-U. Effective broad premium range Strong term and endowment solves
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Qualified Life Insurance
High early cash values
Year 1 cash value up to 80% of 1st year premium
401(k) and “cash balance” plans
Policy Form 2098-U; ICC08-2098-U
Effective broad premium range
Strong term and endowment solves
Excellent guaranteed cash values
Attractive target premiums
401(k) and Traditional DB plans
Policy Forms2099-U, ICC08-2099-U
Survivor benefits for specialty retirement plans
Insured 430(d) and 412(e)(3).
Split funded plans with flexible premium annuity riders
Defined contribution plans
< 25% of cumulative contributions for UL
< 50% of cumulative contributions for WL
Defined benefit plans
100 times the expected monthly benefit
Rev. Rul. 74-307 (duplicates DC rule)
At least five policies must be issued under the plan.
Maximum age 60
The case must meet the participation requirements in the following table.
Advanced Marketing Support
Client & CPA
Life Insurance Products & Service
Advanced Plan Design
DB & 412(e)(3) Conversions
Cash Balance Plans