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Investing for Income: Current Trends, Strategies, and Products

November 19, 2014 - A live Video Teleconference produced by the Society of Financial Service Professionals for Chapter use. more

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    RE: Endowment Policy Tax Question

    Posted in: Estate Planning

    Actually at the point where the cumulative dividends exceeded the cumulative premium outlay, the company should have been sending out a 1099 annually and the excess dividends...

  • Paul M. Rushmann, CLU,ChFC

    RE: Endowment Policy Tax Question

    Posted in: Estate Planning

    Thanks Bruce and Mike who responded directly....I shoulda known the WL Dividend is a "return of premium" was with Pru for long enough :) . Thanks for the reminder.... also...

  • Robert J. Baldes, Jr., CLU,ChFC,AEP

    RE: Endowment Policy Tax Question

    Posted in: Financial Plannin...

    Dividends are a return of excess premium. If they purchased additional insurance, the cost basis would rise. Using them as cash reduces the basis. Bob Bal

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