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AIB | QL Services
Qualified Life Designs
AIB will make available the QL option to any individual or employer that has requested a self service quote request. This is a specialized service and will require additional information from the insured/applicant.
AIB | QL product types supported
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Term life insurance
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Universal life insurance
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Whole life insurance
AIB | QL services supported
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Plan sponsor review
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Annual REB reporting
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QL policy servicing
Tax Savings analysis & Cash Flow analysis
Tax Savings analysis
Basically, Pre Tax or Tax Deductible is better than After Tax. This fact can only apply to any purchase, deposit or plan that can move away from the after tax method.
Cash Flow analysis
The premium payments to a QL policy can also have advantages. The clients cash flow may benefit from the QL structure and how premiums are paid. These advantages are in the example below:
Moving parts of QL Premiums
Premiums are deposited in 401(k) through payroll.
The individual will pay the life insurance premium to their 401(k) plan instead of the insurance company.
Tax savings when Traditional 401(k) contribution or premium (pre tax) vs after tax.
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