| 摘要 |
A method for entity risk management and for accumulating assets for a secure retirement is provided in which a non-MEC life insurance policy that is not considered a single premium insurance policy is purchased and funded over time by an owner of a business through proceeds from a loan made to the business in which the loan is secured by business assets that are then made subject to a UCC financing statement, thereby placing them beyond the reach of general creditors. Part of the loan may be immediately converted to certificates of deposit or other cash-equivalent assets and will be redeemed from time to time and distributed to the owner to pay the premiums on the non-MEC policy. Alternatively, the loan may be drawn against over time, and the draws will be distributed to the owner to pay the premiums. At retirement, the owner will receive some tax-free distributions from the non-MEC policy, as provided by the tax code then in effect, and distributions from the policy combined with other retirement income will provide secure income through the owner's retirement.
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