Overfunding the policy would
create immediate cash value and money that was into an exempt asset from creditors.
Not exact matches
If his financial independence keeps him from
creating the campaign he needs to win in places like Iowa: The imperative to raise money online forces campaigns to build infrastructure that has a strategic
value beyond the
immediate cash - on - hand.
If the total loan should ever exceed the
cash value, the policy will lapse,
creating an
immediate taxable event.