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The Wealth Without Wall Street Podcast

By Russ Morgan CFP® & Joey Muré

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Round Table | How Does Congress's New Tax Laws Impact Life Insurance Policies?

• 27 min

https://www.irs.gov/pub/irs-drop/rr-05-6.pdf (Section 7702 of the U.S. Internal Revenue Code) defines what a life insurance policy is for taxation purposes. It was originally written in the 1980s, and an amendment was signed last December 2020. What exactly changed? Is this good news? Would this result in lower interest rates and more pricing flexibility? What does this mean for you? If you want to know more about what's going on, listen to this episode as our IBC (Infinite Banking Concept) coaches provide insights into how the new tax laws impact the insurance industry and what this means for those who are into infinite banking. While there are still many uncertainties, today’s discussion will provide you with good information to help you make better decisions as you take control of your finances. -- Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive QandA sessions with other members and our coaches. Join here:https://wwws.link/inner-circle-sign-up ( https://wwws.link/inner-circle-sign-up)

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