If you'll remember from the Foreword, I explained some of the problems in the financial services industry. Many Broker Dealers (the entity that most securities licensed advisors use to sell stocks and mutual funds through) forbid their licensed advisors from selling Equity Indexed Universal Life (EIUL) insurance policies.
Additionally, Broker Dealers do not like their advisors to use products that take money away from assets under management (which EIUL policies would certainly do if funded instead of 401(k) plans or post-tax brokerage accounts).
Couple the fact that most securities licensed advisors are not educated on EIUL policies with the fact that many Broker Dealers forbid or strongly discourage the use of such products, and it's no wonder that the vast majority of securities licensed advisors do not use EIULs or any kind of cash value life insurance as a protected and tax-favorable wealth-building tool.
This was the flaw in the financial planning area that cost millions of Americans billions of dollars when the stock market crashed in 2007-2009.
Excerpt from “Retiring Without Risk” - by Roccy DeFrancesco, J.D.
The LASER FUND -- excerpt from the book—June 2018
Insights on an IRS approved TAX-FREE retirement income from a CPA's perspective._
As a CPA, Sydney Weston is meticulous about her finances. When she heard about The LASER Fund through a professional networking group, she, like many people learning about these strategies for the first time, was impressed...but hesitant. She wondered if it could really provide benefits that IRAs and 401(K)s could not.
She examined details like IRS codes 7702 and 72(e), She explored the safety of entrusting her money to 100-year-plus insurance institutions and a 0% floor during market downturns. She weighed the living benefits, such as tax-free retirement income.
Her thorough analysis did not stop there. She enlisted the keen eyes of colleagues, including a chartered financial planner and tax attorney. These professionals confirmed that the IRS codes were employed to create exactly the tax-free retirement income that had been suggested; that the IRS codes 7702 and 72(e) would in fact give her tax-free benefits for life, and that the structured format of the LASER Fund could provide the safe, cost effective, and tax-advantaged solution she was looking for.
She opened a LASER Fund, and now enjoys the confidence of tax-free income—even to age 100 and beyond—and an income-tax-free death benefit for her heirs when she passes on...