The majority of our middle American client’s tax-free income solutions may be best served by contributions to:
A.
Municipal Bonds
B.
Roth IRA's
C.
Permanent Life Insurance - IUL in particular
D.
Traditional IRA's
2.
There are generally three ways to save money tax-free. Which product below is not currently considered due to the low interest rate environment?
A.
Roth IRA
B.
Municipal Bonds
C.
Permanent Life Insurance
3.
Loans are made to policyholders by the insurance company from their General Operating Account, using the policyholder’s cash value as collateral.
A.
True
B.
False
4.
Also known as a Participating Rate Loan, this type of loan allows a borrower to potentially make money on the money that they borrowed from the insurance company.
A.
Variable-Rate Loan
B.
Credit-Builder Loan
C.
Fixed Loan
5.
A Roth IRA has contribution limits on how much individuals can contribute each year. In addition, people may make too much money and are not permitted to contribute to a Roth IRA.
