412i Life Insurance

What it is & How to Apply

Are you interested in learning more about 412i life insurance?

Below you’ll learn exactly what 412i life insurance is, the benefits of this type of plan, and how to apply. This guide will help you decide is this type of life insurance might be right for you.

412i Life Insurance

What is 412i Life Insurance?

A 412i life insurance plan is a fully insured plan with benefits that are guaranteed by the claims-paying ability of the carrier issuing the products that finance the plan. This shifts market risk from you and your business to the insurance carrier providing the products.

Since the benefits in the plan are based on the minimum guaranteed rates within these financial products, it allows for larger tax-deductible contributions than any other qualified retirement plan. If a participant dies while the plan is still active, and life insurance is used for a portion of the funding, the participant’s beneficiaries receive the net death benefit income tax-free.

The net benefit is also available for estate liquidity and/or survival needs. As long as a life insurance policy remains in the 412(i) Defined Benefit plan, the participant will be taxed annually on the economic benefit.

Apply for a 412i Life Insurance Plan

Why Spectrum Group Term Life Insurance for your 412(i) Insurance Quote?

  • You will only be contacted by us. We never sell your personal information to third parties.
  • We use a modern quoting database to qualify you for the coverage you need and deserve.
  • We have a history of excellent customer service and our attention to detail leaves no stone unturned in our effort to provide you with the best term life insurance.
  • We quote various insurance companies making sure that you get the best value for your life insurance money.
  • A history of excellent customer service and complete attention to detail allows your life insurance policy to be issued in an expedient manner.
  • We make it a priority to quote certain rates from highly rated insurance companies.
  • We pride ourselves on always answering the phone during business hour ensuring that you always speak to your assigned representative.

Fill out our instant quote form and give us a call to get the cheapest rate for your 412i life insurance.