For those of you that are familiar with the Internal Revenue Code (IRC), or happen to know a little about the tax advantages of life insurance contracts, you probably know that IRC section 7702 defines the type of life insurance contract that receives tax advantages. A “7702 Plan” or “7702 Private Plan” in common terms […] Read more
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The life insurance physical exam is a critical step in securing a life insurance policy, designed to assess an applicant’s health and risk factors comprehensively. This exam influences the underwriting process and the policy’s premiums. Preparing adequately for this examination is essential, as it involves a series of measurements and tests, including blood work and […] Read more
Choosing a collateral assignment with life insurance as security can be an effective strategy for securing a loan, especially for those who might not qualify for traditional financing options. This article will delve into the specifics of SBA loans, a type of financing backed by the U.S. Small Business Administration designed to support the growth […] Read more
