Tax-advantaged income with qualified plan and life insurance expenses

By Steve Savant

All products and/or plans have some degree of costs that are embedded as fees, expenses, loads and agent compensation. 408(b)(2) was an attempt to cite qualified plan costs for participants, but some plans omitted the statement of information which has additional expenses. All forms of current assumption universal life have optional expense reports that line item each cost assessed against the policy. Steve and Ken introduce you to an entry-level comprehension of product and plan costs.