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"Pay a premium offset policy is not a paid up policy unless I am missing something. If anybody or anything is paying a premium, it's not paid up."
Already offered the solution to that concern in a previous post. I have had policies with clients do just fine for decades now in premium offset. It just looks like you're trying to spread doubt, which really sort of bottoms out.
Let's say NYL can't pay a dividend, what would be going on in the rest of the financial world? If a company like NYL goes "teats up" where do you think everybody else would be?
The great thing is there are quite a few other mutual companies out there that are just as good, even some that work with independents. If you don't have one, get one.
Actually this post lasted a while before somebody pis sed in the well.
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" Without it designed as a PUA, than all income would be taxable to the insured as it would then be a form of cash on deposit."
That's not quite correct, take a look at a dividend election form and you'll find several choices that do not generate a tax, and of those choices that do generate a taxable situation, they would only be on the gain the dividend generates on deposit, not the dividend itself.
Already offered the solution to that concern in a previous post. I have had policies with clients do just fine for decades now in premium offset. It just looks like you're trying to spread doubt, which really sort of bottoms out.
Let's say NYL can't pay a dividend, what would be going on in the rest of the financial world? If a company like NYL goes "teats up" where do you think everybody else would be?
The great thing is there are quite a few other mutual companies out there that are just as good, even some that work with independents. If you don't have one, get one.
Actually this post lasted a while before somebody pis sed in the well.
----------
" Without it designed as a PUA, than all income would be taxable to the insured as it would then be a form of cash on deposit."
That's not quite correct, take a look at a dividend election form and you'll find several choices that do not generate a tax, and of those choices that do generate a taxable situation, they would only be on the gain the dividend generates on deposit, not the dividend itself.
