beyond MD with Dr. Yatin Chadha

Ep #91 - Dissecting Immediate Financing Arrangements (IFAs) with Promod & Jeevan Sharma


Listen Later

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/

[email protected]

[email protected]

https://www.linkedin.com/in/promod/

https://www.linkedin.com/in/jeevanksharma/


Yatin Chadha:

Email: [email protected] 

LinkedIn: Yatin Chadha

...more
View all episodesView all episodes
Download on the App Store

beyond MD with Dr. Yatin ChadhaBy Yatin Chadha

  • 5
  • 5
  • 5
  • 5
  • 5

5

4 ratings


More shows like beyond MD with Dr. Yatin Chadha

View all
The Current by CBC

The Current

227 Listeners

Build Wealth Canada Podcast by Kornel Szrejber: Investor

Build Wealth Canada Podcast

11 Listeners

More Money Podcast by Jessica Moorhouse

More Money Podcast

121 Listeners

The Peter Attia Drive by Peter Attia, MD

The Peter Attia Drive

7,928 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

444 Listeners

Cost of Living by CBC

Cost of Living

40 Listeners

Money Meets Medicine by Doctor Podcast Network, Jimmy Turner MD

Money Meets Medicine

219 Listeners

The Passive Income MD Podcast by Peter Kim, MD

The Passive Income MD Podcast

279 Listeners

The Canadian Investor by Braden Dennis & Simon Belanger

The Canadian Investor

78 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,304 Listeners

The Loonie Hour by Steve Saretsky

The Loonie Hour

11 Listeners

The Canadian Real Estate Investor by Daniel Foch & Nick Hill

The Canadian Real Estate Investor

31 Listeners

TLDR by Devin Friedman, Sarah Rieger, Matthew Karasz

TLDR

31 Listeners

The Money Scope Podcast by Benjamin Felix & Dr. Mark Soth

The Money Scope Podcast

11 Listeners

The Wealthy Barber Podcast by The Wealthy Barber Inc.

The Wealthy Barber Podcast

32 Listeners