Disadvantages of Section 79 Plans — Section 79 Plans
Disadvantages of Section 79 Plans — Section 79 Plans: The reason that the Section 79 plans are so marginal is because the insurance policy that is being purchased is set up poorly to get the full deduction. The types of cash value life insurance policies resulting from Section 79 plans don’t return much money in retirement. It is more beneficial if the business owner…
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