1 thought on “Questions About Dividends, Direct Recognition, and IRA Liquidation to Fund Whole Life Insurance”
Thank you for the unvarnished truth about using IRA money to fund a WL policy. There are others in the interweb that publish rosy scenarios to make this look like a great idea…tax free income stream, tax free death benefit, guaranteed growth, zero risk. It sounds to good to be true and apparently it is, especially for seniors. I guess there are a few circumstances where it might work but those are not the norm.
Thank you for the unvarnished truth about using IRA money to fund a WL policy. There are others in the interweb that publish rosy scenarios to make this look like a great idea…tax free income stream, tax free death benefit, guaranteed growth, zero risk. It sounds to good to be true and apparently it is, especially for seniors. I guess there are a few circumstances where it might work but those are not the norm.