Few questions
1. Cash Value Life Policies owned in a Profit Sharing Plan – can they be surrendered and the CV returned to the PSP?
2. Cash Value Life Policies owned in a Profit Sharing Plan – can they be transferred to an ILIT and what would be the tax ramifications? Early withdrawal?
3. Cash Value Life Policies owned in a Profit Sharing Plan – can they be surrendered and be 1035 exchanged to a qualified annuity? Any tax ramification?
Dont know if anyone has experience with this but any help would be appreciated.
1. Cash Value Life Policies owned in a Profit Sharing Plan – can they be surrendered and the CV returned to the PSP?
2. Cash Value Life Policies owned in a Profit Sharing Plan – can they be transferred to an ILIT and what would be the tax ramifications? Early withdrawal?
3. Cash Value Life Policies owned in a Profit Sharing Plan – can they be surrendered and be 1035 exchanged to a qualified annuity? Any tax ramification?
Dont know if anyone has experience with this but any help would be appreciated.