This also assumes that they are not in the best of health and fall into a less than preferred health category of 'Preferred Smokers'. In other words, part of any cash taken out of the policy while the insured's are alive might be considered growth and therefore income taxable. It must also be pointed out that any money withdrawn from the policy would also reduce the potential death benefit as well. Especially for Estate Planning and effectively passing money from one generation to another. For more information about this type of policy or the example I have provided above, simply give me a call or e-mail me.
Past performance is no guarantee of future results.
The above reference is NOT an offer to sell a product. Some of the services described may not be available to participants in certain plans. Redemptions and withdrawals from certain policies may be subject to charges. Please see the appropriate prospectus for further details. The prospectus governs the terms of you purchase.