Exclusion Ratio
Cleint is 80 years old. He wants to annuitize his life insurnace policy using a 10 year certain and life. His cash value is $789,247. His cost basis is $319,162. What is his exclusion ratio?
Cleint is 80 years old. He wants to annuitize his life insurnace policy using a 10 year certain and life. His cash value is $789,247. His cost basis is $319,162. What is his exclusion ratio?
Permalink Submitted by Alan - IRA critic on Wed, 2024-07-31 12:33
It is probably less than 40.44% due to the actuarial gain imputed by the company. Client needs to get this figure from the insurance company.