What Is a 412i Fully Insured Defined Benefit Plan?

• A Guaranteed Benefit you Can Expect at Retirement
• Unique Funding Allows you to Embed Large Amounts of Capital for your Retirement Plan During Peak Earning Years
• 412(i) Plan Invests in Assets That Guarantee a Benefit Will Be Available at Retirement (Fully Insured Plan)
• 412(i) Plans Allow the Highest Contributions of Any Pension Plan
• Proper Design Allows for:
• Estate Planning Advantage
• Tax Free Policy Loans
• Rollover Reinvestment Opportunities
• Can be Funded with a Combination of Annuity and/or Life Insurance Benefits
• Allows you to Purchase Life Insurance with (Pre-tax/Tax Deductible)
Corporate Dollars
• Uninsurables Can Use the Annuity Only Option
• Plan Assets Are Protected from the Claims of Creditors
• Reduces Fees- Since the Cash Values of an Insurance Product Are Actuarially Determined, the Plan Is Not Required to Have an Enrolled Actuary Sign Off on the Sufficiency of the Plan Assets or Determine the Plan’s Normal Cost
• The Participant May Elect To Continue the Permanent Life Insurance Benefit After Retirement. The Contract Will Be Individually Owned and, with Proper Planning, May Not Be Subject to Estate Taxes