Upgrade My Insurance

 

How Can I Upgrade My Insurance — Tax-Free?

Responding to the changing needs of consumers, 人寿保险行业已经发展出一些替代方案,在满足各种各样的金融需求和目标方面比一些更传统的保险和年金类型走得更远.

Advancements

与传统合同相比,现代合同提供了更多的财务灵活性. For example, 万能寿险和可变万能寿险保单允许保单持有人调整保费和死亡抚恤金以适应其经济需要.

现代合同还能提供更多的财务控制. Whereas traditional vehicles, such as whole life insurance and fixed annuities, 提供由保险公司确定的回报, 较新的替代方案使客户能够做出有助于确定回报的选择. For example, 可变年金和可变万能人寿保险允许投资者在各种投资子帐户中分配保费, which can range from conservative choices, such as fixed-interest and money market portfolios, to more aggressive, growth-oriented portfolios. Returns are based on the performance of these subaccounts.

There are contract limitations, fees, 以及与可变年金和可变万能人寿保险相关的费用, which can include mortality and expense risk charges, sales and surrender charges, investment management fees, administrative fees, and charges for optional benefits. Withdrawals reduce annuity contract benefits and values. Variable annuities and variable universal life insurance are not guaranteed by the FDIC or any other government agency; they are not deposits of, nor are they guaranteed or endorsed by, any bank or savings association. 任何担保都取决于发行公司的偿付能力和财务实力.

提取年金收入按普通收入征税,如果在59岁半之前提取,可能要缴纳缴费金,外加10%的联邦所得税罚款. 投资期权的投资回报和本金价值是没有保证的. 因为可变年金子账户随市场情况的变化而波动, 当放弃年金时,本金的价值可能高于或低于最初的投资金额.

不保证可变万能寿险保单的现金价值. 各可变子账户的投资收益和本金价值会发生波动. Your cash value, and perhaps the death benefit, 将由所选子账户的表现来决定. 如果您提取的金额超过保单中规定的金额,您可能会被收取退保费,并被征税. 保单贷款或提款将减少保单的现金价值和死亡抚恤金,并可能需要支付额外的保费以保持保单有效.

可变保险产品与固定保险产品之间存在差异. 可变万能人寿保险提供几个投资子帐户,投资于本金和回报率波动的证券组合. Also, 可变万能寿险保单有一些在终身寿险保单中不存在的附加费用和费用, such as management fees. 终身寿险提供固定账户,一般由发行保险公司担保.

A Dilemma

那么,如果你想兑现现有的保单或年金合同,然后换一份更适合你财务需求的保单,你该怎么做呢, 而不必为你积累的财富支付所得税?

一种解决方案是“1035交换”,见《beplay2》第1035节. 这一条款允许您将现有的保险政策或年金合同转换为新的合同,而不必为旧合同中的积累支付税收. This way, 你可以获得新的机会,获得灵活性和递延税积累,而不必为你已经建立的东西纳税.

The rules governing 1035 exchanges are complex, 您可能会从您的旧保单或合同中收取退保费. 此外,您可能会受到新的销售和退保费用的新政策或合同. 这可能是值得你花时间寻求金融专业人士的帮助,以考虑你的选择.

可变年金和可变万能寿险通过招股说明书出售. 请在投资前仔细考虑投资目标、风险、费用和费用. The prospectus, 其中包含有关可变年金、可变万能寿险合约及相关投资选择的本资料及其他资料, can be obtained from your financial professional. 在决定是否投资之前,一定要仔细阅读招股说明书.

 

The information in this newsletter is not intended as tax, legal, investment, or retirement advice or recommendations, 而且,人们可能不会为了避免任何联邦税收处罚而依赖它. beplay2鼓励您向独立的税务或法律专业人士寻求指导. The content is derived from sources believed to be accurate. 所提供的信息和所表达的任何意见都不构成对购买或出售任何证券的邀请. 本材料由Broadridge Advisor Solutions撰写和编写. © 2021 Broadridge Financial Solutions, Inc.