Not Just a Life Insurance

Front

This is the primary purpose of getting a life insurance.

Back

Provide death benefit to the family

Front

Internal Revenue Code governing the tax-free nature of the death benefit in a Life Insurance

Back

IRC 101(a)

Front

The issue age for Alzheimer's Disease rider

Back

0 - 60

Front

Maximum benefit that can be paid out under the Terminal Illness rider

Back

$1.5M

Front

In Executive Bonus Plan, who will be the beneficiary?

Back

Beneficiary designated by the employee

Front

Policy loans create a way for the policy owner to access cash value tax-free. What is the relevant IRC section?

Back

IRC 7702(a)

Front

In an Executive Bonus Plan, who is the owner of the policy?

Back

The employee

Front

In a Key Person Insurance, who is the beneficiary of the policy?

Back

The Business

Front

Who can access the cash value in an Executive Bonus Plan?

Back

The employee

Front

In an IUL or UL policies, how soon can it be max funded according to TAMRA?

Back

5 years