Originally Posted by scagnt83
You can use UL or WL within a Qualified Plan. You are able to reap a higher tax deduction per dollar of premium using WL though. This is why you usually see WL and not UL.
However, there are some strategies for using long surrender ULs within a 401k plan to reap tax benefits on the back end when you roll it out of the Plan.
This is a gorgeous zebra-like product that not many advisors know about.
I relearned this while doing my CE relicensure.
You can buy life with qualified money? Here tis'
It is an 'incidental benefit' and limits of no more than 50% of WL and 25% of IUL and UL premiums. Still, a gorgeous weapon in our senior warchest!
We share the wealth!