NPaleveda
Oct 9 2001, 08:57 PM
Does anyone have a problem with a 412i plan funded soley with insurance contracts that have a depressed value and have the clients children buy the policies out of the plan at the depressed cash surrender value after a period of 5 years?
rcline46
Oct 10 2001, 06:26 AM
Our friends at the IRS have issued statements about 'springing' cash values. You need to use the interpolated terminal reserve values.