Big Win for Me this Week

[Ksutton]

Wow - awesome ! Sounds like that should be a solid deal .

 

[DHK]

You CAN'T 1035 from Annuity to Life Insurance.

You CAN do a 1035 from life insurance to annuities.


Outside of a 1035, you are doing a complete liquidation of the annuity (taxable event) and purchasing the SPWL.

 

[scottstreet]

Linsay Lohan attended Alcoholics Antonymous in Los Angles not ALabama

 

[CALTCAgent]

This was the best option we had and then we put him in a guaranteed UL for 1m which was a little less than his RMD this year for the AP. It was the cheapest non term product we had for him.

Good job. What is his RMD/premiums ?

 

[aclaro]

You CAN'T 1035 from Annuity to Life Insurance.

You CAN do a 1035 from life insurance to annuities.

Outside of a 1035, you are doing a complete liquidation of the annuity (taxable event) and purchasing the SPWL.

My thoughts exactly. Are you sure your client understands the tax bill he's going to get at the end of the year?