Register Today: How Section 7702 Impacts Life Insurance Products
AIP Marketing Alliance is kicking off the summer months with a hot topic that may affect your life insurance sales for the rest of 2021 as we partner with North American for a half-hour session Tuesday, June 1st at 2 p.m. EST on the impact of Section 7702 on life insurance products.
Section 7702 of the U.S. Internal Revenue Service (IRS) Tax Code defines what the federal government considers to be a legitimate life insurance contract and is used to determine how the proceeds are taxed. 7702 states what types of cash value life insurance policies are eligible to receive tax-advantaged treatment. If a life insurance policy does not meet the criteria listed in Section 7702, then both the growth of the cash value inside the policy and the death benefit will be counted as taxable income to the beneficiary.
This half-hour session will start out with Tom Martin, North American Life’s Senior Life Product & Competition Analyst, discussing how 7702 is impacting life carriers and their specific product lines. He also will answer questions from participants during his portion of the program.
For the second half of the event, North American’s Steve Zimmerman and Troy Haman will partner up to talk about how recent changes to the Builder Plus 3 life insurance product present a competitive solution to discuss with your clients. They also will spend some time reviewing how to position Builder Plus 3 in a sales conversation.
This session is for financial professionals only. Pre-registration is required. You can register for the event by clicking here.
If you have any questions before the event, please contact AIPMA’s Business Development team at (800) 783-5206 Press #2 or marketing@aipma.com.
Latest Posts
AIPMA Team Takes Time Out for Charity to Support LighthouseDecember 2023
Integrity Wins Happiest Employees Award for Second Consecutive Year by ComparablyDecember 2023
Signs, Signs, Everywhere There’s Signs During Game Time 2023November 2023
Categories
Tags
Culture Leads Term Life Insurance Nafa Regional Director Drop Ticket Taxes Myaip North American Ira Foresters Financial Secure Act Women Fidelity Guaranty Life Protective Roth Ira Web Meetings Regulations Genworth Final Expense Annuity Insurance Fraud Long_Term_Care Securian Financial Iul Tickit Ethos Transamerica Holiday Fixed Indexed Annuity Tax Season Global Atlantic Integrity Disability_Insurance Wink Carriers Bestow Equitrust Indexed Universal Life Myga Lincoln Financial Group Nationwide Retirement Planning Legal And General Permanent Life Insurance Integrity Marketing Group Senior Health Shop Coronavirus Covid 19 Aig Limra Mental Health American Equity Ringcentral Tips Aipma Working From Home Corebridge Financial Financial Planning Medicare_Supplements Job Posting Social Media Covid19 Fixed Annuity Life_Insurance Open Enrollment Webinars CharityContact Us
800.783.5206
2041 E. Square Lake Road, Suite 100, Troy, Michigan 48085-3897
About Us
For more than 40 years, AIP Marketing Alliance (AIPMA) serves as a premier life insurance and annuity distribution partner to provide full-service support to independent wholesalers, brokerages and agents from our Troy, Michigan office. Copyright 2023