The country has many insurers launch a series of ads to buy life insurance as a use strategies to protect assets set goals broker merchant access to Fund (Account Receiveable) the loan accept to pay protection fees.
Generally the staff representatives to sell insurance is not a lawyer nor the law school they should not have some knowledge of law and Loan Lending (Debtor-creditor law) or experienced reap the case links system of protected assets had treatment in court. Yes insurance companies teachings items for advertising and blowing reward consequences of poundage whenever a sale contract, the staff this ardent launch an insurance product is the hot invite merchant purchase of life insurance with the value of fund (Cash Value) is quite large by mortgage funds access to Make Loan Payment Fee (Premium Financing.)
To sell insurance has high commission insurer not scrupulous enough in any way give many benefits of strategies borrowed funds access that most applied in practice does not bring results as promised . Most of the staff representatives as well as the right of insurance companies are not able đáo explicit guidelines transition property for the legitimate scope of legislation to protect property. Therefore the sale of insurance company's training and then they in turn transmit a message to our customers with complete understanding wrong by basic laws to protect property after making this brought many problems for customers to buy insurance. Such principles apply "Plan Borrowing Phân Export Revenue Fund" (Account Receiveable factoring Programs referred to as ARFCs) loan to pay fees to buy life insurance purposes as protecting assets how?
Long method Borrowing Fund access was simply more merchants expert in the application of more benefit to their business. Enter the Access Fund is a fund accounting sum of money goods or services sold to customers and bill (bill) but have not received the customer's true, for example phone companies to send bill Clients have due date (due date) or a wholesale delivery was accompanied by the invoices sent to customers to pay. Of course records on the Fund have access to the value of total amount penetrate as other properties of the company's actual funds but does not have cash to use. Said another way, the value of capital throw (Equity) Fund only access is "dead money" or "money superfluous" because only "language" (the amount on records) but no "pieces" (It ) should really "cost" of funds that are not used to produce or be of benefit.
So some merchants have brain think of smart ways to negotiate with banks for a bank credit (Line Of Credit) similar Credit Card Guarantee Is (Secured Credit) but it does the value of Access Fund as mortgage. When the bank was approved for open account with a bank account that, when companies need to spend money or operating the business can always withdraw money "real" time is not free of excess limit. Of course the bank enjoys this type of lending because they receive interest at the same time not afraid of the risk of loss for the Fund is held as a pledge to ensure if necessary seize no problems.
Similar principles used simple methods to fund access to mortgage loans as the borrowing method Phân Export Revenue Fund ARFC also applied the same basis but instead of lending the company sold access to Fund a value lower than the bank account to be used. For example, a company subject to sale of access to fund 80% of the value exchange accounting fund for the wrong part and 20% of money is called "discount" (discount.)
Now you to Life Insurance, though not what format to access the Fund, but many insurers are often long ad for a loan to buy the kind of big insurance. many people want to buy the contract value fund (cash value) to high tens of millions and above the premium each month depending on age but not a small amount. Instead of paying fees to cash in "live" the insurance contract for a loan called "Financing insurance coverage" (Premium Financing) to get the assets in mortgage rates as either "dead assets." Di many insurance companies will never fear for debt losses are guaranteed by the value of the contract or the value of mortgage. Plan "Financing insurance coverage" be considered as a means of protection for property that is used to prevent creditors do not get the summary by the plaintiff because the property value was used for mortgage debt insurance coverage should not be xiet, but the insurance only paid when the owner of the death is not what creditors are waiting.
On the other hand ARFP plans to use funds as income for mortgage "Financing insurance coverage" instead of using other properties for this fund is very good goal that creditors xiet most easily. Fund to sell access for employers sponsored by insurance company owner is a way to use "dead assets" to buy life insurance just a student that has been tax-free. So ARFP used as a means of protecting assets "conversion" means a product made vulnerable creditors get summary (not to the money) and a variable property that creditors are not to be touched ( money life insurance.)
Although the value of fund (cash value) of life insurance is state law protection but in many other states are not valid. It is more blameworthy employees sell insurance not actually say the client makes this event then the client may have trouble because of transfer of assets illegally. Now more representative of the insurance will not know that at the states have laws protecting creditors still have the right to appeal if the referendum by the Fund have access to insurance is a form of hindering, delaying mended or fraud.
In the state where ARFP đắc be used as often in collaboration with programs such as ERISA retirement plan but the general kind of regular high-level plan requires specialized structure is sophisticated outside the capabilities of employees and the plan ARFP.
A limited background are found not only dispense ARFP value fund access but not present to protect the future value after application. Moreover the elements of access to the Fund buying insurance is not tax money and fund the life insurance is to be out of money after tax (post-tax) should be listed IRS to tax abuse. Therefore before using ARFP should consult with a lawyer specialized in tax for certainly valid.
Through the analysis on our comment ARFP plan applied separately will not achieve the desired results. Conversely, if the will đắc ARFP used as a strengthening program in a plan to protect the entire property with the goal completely cover all aspects of trade, inheritance, tax code and protect property.
As usual writer would confirm the contents of the article series to learn this law only uses the character information (information) to help your readers some general knowledge of basic legal Flowers period only and can not be considered to contact lawyers with clients (Attorney-Client Relationship.) So if there is a problem related to law, if readers still need to discuss with a lawyer expert on with you.
If necessary refer to individual contact with Attorney lyly Nguyen office at 16480 Harbor Blvd, Suite 101, Fountain Valley, CA 92708, Phone: (714) 531-7080 - Fax: (714) 531-7082 .
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