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How to Legally Write Off Life Insurance Premiums (4 Advanced Strategies)

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Manage episode 515178285 series 2385200
Content provided by BetterWealth Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BetterWealth Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Is it possible to write off your life insurance premiums? In this video, Caleb Guilliams is joined by Alden Armstrong and Penn Mutual’s Bill Bell, a tax attorney and industry expert, to unpack the surprising ways life insurance interacts with the tax code. You’ll learn four ways certain structures can unlock deductions, protect your wealth, and even multiply your long-term impact with life insurance.

Want a Whole Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity

0:00 - Why life insurance typically isn’t tax deductible

3:27 - The Cash Balance Plan

20:02 - The Qualified Plan / Profit Sharing Strategy

25:57 - The Executive Bonus Plan (Golden Handcuffs)

35:56 - Charitable Giving Plan to Eliminate Estate Taxes

54:04 - Don't Try To Do This Alone

______________________________________________

Learn More About BetterWealth: https://betterwealth.com

====================

DISCLAIMER: https://bttr.ly/aapolicy

*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

  continue reading

804 episodes

Artwork
iconShare
 
Manage episode 515178285 series 2385200
Content provided by BetterWealth Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BetterWealth Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Is it possible to write off your life insurance premiums? In this video, Caleb Guilliams is joined by Alden Armstrong and Penn Mutual’s Bill Bell, a tax attorney and industry expert, to unpack the surprising ways life insurance interacts with the tax code. You’ll learn four ways certain structures can unlock deductions, protect your wealth, and even multiply your long-term impact with life insurance.

Want a Whole Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity

0:00 - Why life insurance typically isn’t tax deductible

3:27 - The Cash Balance Plan

20:02 - The Qualified Plan / Profit Sharing Strategy

25:57 - The Executive Bonus Plan (Golden Handcuffs)

35:56 - Charitable Giving Plan to Eliminate Estate Taxes

54:04 - Don't Try To Do This Alone

______________________________________________

Learn More About BetterWealth: https://betterwealth.com

====================

DISCLAIMER: https://bttr.ly/aapolicy

*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

  continue reading

804 episodes

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