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

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Manage episode 482885453 series 2786045
Content provided by Yatin Chadha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yatin Chadha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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

  continue reading

93 episodes

Artwork
iconShare
 
Manage episode 482885453 series 2786045
Content provided by Yatin Chadha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yatin Chadha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

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

  continue reading

93 episodes

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