How to Legally Write Off Life Insurance Premiums (4 Advanced Strategies)
BetterWealth with Caleb Guilliams · BetterWealth Media
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Show Notes
Is it possible to write off your life insurance premiums? In this video, Caleb Guilliams is joined by Alden Armstrong and Penn Mutual’s Bill Bell, a tax attorney and industry expert, to unpack the surprising ways life insurance interacts with the tax code. You’ll learn four ways certain structures can unlock deductions, protect your wealth, and even multiply your long-term impact with life insurance.
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0:00 - Why life insurance typically isn’t tax deductible
3:27 - The Cash Balance Plan
20:02 - The Qualified Plan / Profit Sharing Strategy
25:57 - The Executive Bonus Plan (Golden Handcuffs)
35:56 - Charitable Giving Plan to Eliminate Estate Taxes
54:04 - Don't Try To Do This Alone
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*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.