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Your Money Show – Accident and Health Insurance Show

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Your Money Show talked about the different types of Accident and Health Insurance Plans such as the a Cancer Plans. Some Cancer Plans pay per day or per week. The one type of plan I like is a cash plan. Once diagnosed you get a lump sum check to use as you wish.

We also talked about accident and health plans. This is a loophole that has been around since 1918. Although major changes were made to the law in 1954, money received under an accident and health plan due to an accident, illness or sickness is tax free.

We can take your 401k and turn it into an accident and health plan allowing you to take money out of your 401k tax free due to an accident, illness or sickness. For more information on this type of plan visit  The Pension Department, Inc’s website.

 

Your Money Show

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