DFG Blog - Dehoney Financial Group

Establish Permanent Life Insurance at Reduced Minimum Premiums

Changes to cash reserve tax rules will increase permanent life insurance premiums.

There are multiple changes to the income tax legislation resulting in an increase in Term 100 or Level Cost of Insurance Policy (LCOI) premiums. This change impacts those who want permanent life insurance at a minimum lifetime premium. While the legislation changes are complicated, we have broken down the changes for you.

New rules limit investment inside Term 100 policies

To understand the changes, it is important to first understand the product design. Mortality has an increasing curve-the older we get the more […]