
Sign up to save your podcasts
Or
Today I welcome Promod Sharma & Jeevan Sharma to the show to discuss the immediate financing arrangement (IFA).
Promod (actuary) & Jeevan (CFP) specialize in helping high-net-worth individuals & tackling their unique situations beyond basic insurance coverage.
Discussion Points:
What is an IFA? (2:17)
Whole life (WL) vs Universal life (UL) - which is more suitable for an IFA? (3:41)
What is the cash surrender value (CSW)? (7:35)
How can policies be structured to allow for IFAs...Important (9:30)
Who could benefit from an IFA? (16:55)
IFA mechanism:
- policy as collateral (23:23)
- how large can the loan be? (24:42)
- lenders (26:32)
- personal vs corporate loans (27:57)
- loan rates (30:58)
- guarantee fees (31:35)
Does IFA impact policy growth? (33:34)
Using policy as collateral vs directly borrowing from the policy (34:20)
How are IFAs tax efficient? (36:34)
Loophole? (42:34)
Fees (44:55)
Ways to pay off the loan (45:44)
Permanent life & IFA checklist - Important (46:25)
When not to pursue an IFA (50:56)
IFA risks (53:09)
--------------------------------------------------------------------------------------------------------------
This episode features Arya EHR - https://www.aryaehr.com/
**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast
Promod Sharma & Jeevan Sharma:
https://taxevity.com/
https://www.linkedin.com/in/promod/
https://www.linkedin.com/in/jeevanksharma/
Yatin Chadha:
Email: [email protected]
LinkedIn: Yatin Chadha
5
44 ratings
Today I welcome Promod Sharma & Jeevan Sharma to the show to discuss the immediate financing arrangement (IFA).
Promod (actuary) & Jeevan (CFP) specialize in helping high-net-worth individuals & tackling their unique situations beyond basic insurance coverage.
Discussion Points:
What is an IFA? (2:17)
Whole life (WL) vs Universal life (UL) - which is more suitable for an IFA? (3:41)
What is the cash surrender value (CSW)? (7:35)
How can policies be structured to allow for IFAs...Important (9:30)
Who could benefit from an IFA? (16:55)
IFA mechanism:
- policy as collateral (23:23)
- how large can the loan be? (24:42)
- lenders (26:32)
- personal vs corporate loans (27:57)
- loan rates (30:58)
- guarantee fees (31:35)
Does IFA impact policy growth? (33:34)
Using policy as collateral vs directly borrowing from the policy (34:20)
How are IFAs tax efficient? (36:34)
Loophole? (42:34)
Fees (44:55)
Ways to pay off the loan (45:44)
Permanent life & IFA checklist - Important (46:25)
When not to pursue an IFA (50:56)
IFA risks (53:09)
--------------------------------------------------------------------------------------------------------------
This episode features Arya EHR - https://www.aryaehr.com/
**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast
Promod Sharma & Jeevan Sharma:
https://taxevity.com/
https://www.linkedin.com/in/promod/
https://www.linkedin.com/in/jeevanksharma/
Yatin Chadha:
Email: [email protected]
LinkedIn: Yatin Chadha
227 Listeners
11 Listeners
121 Listeners
7,928 Listeners
444 Listeners
40 Listeners
219 Listeners
279 Listeners
78 Listeners
28,304 Listeners
11 Listeners
31 Listeners
31 Listeners
11 Listeners
32 Listeners