Using IRA Funds to Purchase Life Insurance

Many individuals desire to acquire insurance on their lives using funds held in a qualified retirement plan. The acquisition of insurance using funds within an IRA is beneficial since the Plan uses tax deductible dollars to acquire the insurance. Furthermore, the Plan Funds are not otherwise being directly used by qualified plan participant (Participant) for the Participant.

27 minute read September 02, 2014 at 12:00 AM
By
Lawrence L. Bell
Using IRA Funds to Purchase Life Insurance

Many individuals desire to acquire insurance on their lives using funds held in a qualified retirement plan. The acquisition of insurance using funds within an IRA (Plan) is beneficial since the Plan uses tax deductible dollars (the Plan Funds) to acquire the insurance.

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