Guest brenns99 Posted November 19, 2002 Posted November 19, 2002 Can a SEP allow participants to purchase life insurance with either seasoned monies and/or rollover assets?
mbozek Posted November 19, 2002 Posted November 19, 2002 SEP contributions are held in IRAs which are not permitted to invest in LI. Only Qual plans and 403(B) plan can invest in LI. mjb
Gary Lesser Posted November 29, 2002 Posted November 29, 2002 The prhibition against life insurance in an IRA can be found in Code Section 408(a)(3).
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