What Is Section 7702? Understanding the Tax Advantages of Permanent Life Insurance
If you’ve researched permanent life insurance or tax-advantaged financial strategies, you’ve probably heard someone mention “Section 7702” or a “7702 Plan.” One of the biggest misconceptions is that a 7702 Plan is a special retirement plan or investment account. It isn’t. Section 7702 is…
Washington State Long-Term Care (WA Cares Fund): What You Need to Know
Washington State became the first state in the nation to create a mandatory, publicly funded long-term care program known as the WA Cares Fund. The program was designed to help eligible workers pay for future long-term care expenses through a payroll-funded insurance benefit. While the program provides an important safety net, many…