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📚 WEEK 48 of 50 — Adjusted Cost Basis

📌 What You’ll Learn in This Video
This week, we break down Adjusted Cost Basis (ACB) — the one life-insurance tax calculation that determines what gets taxed, when, and how much.
Most advisors skip this part because it complicates the sales process. But you can’t evaluate whether life insurance is truly tax-advantaged without understanding ACB.

💡 Why ACB Matters for You
Inside this class, you’ll learn:
✅ Why withdrawals are mostly tax-free early on — and why they become progressively taxable.
✅ How “double taxation” happens inside life insurance withdrawals.
✅ Why the government designed the product this way (yes, it’s intentional).
✅ How ACB compares to normal investments like stocks, rentals, RRSPs, and TFSAs.
✅ How ACB influences your allocation decision — whether life insurance should be 0%, 20%, or 50% of your long-term plan.

🔍 Real Numbers, Real Policy Example
We walk through an actual policy:
✅$7,300/year premium
✅10 years of contributions
✅How ACB declines over time
✅What becomes taxable if you withdraw
✅What remains tax-free through the death benefit or the Capital Dividend Account (CDA)
This isn’t theory — it’s the math that reveals the government’s true design for how life insurance should be used.

🕒 Episode Guide
00:00 – Introduction
00:42 #1 – WHAT IS ACB? Cost basis determines what gets taxed
01:51 #2 – LIFE INSURANCE ACB A DIFFERENT STORY. Cash withdrawals generally tax-free until year 10. Later years: progressively more taxable until fully taxable as ordinary income
03:01 #3 – THE DOUBLE TAXATION REALITY. After-tax premiums can be taxed if withdrawn. The calculation tells you how the product is meant to be used
04:34 #4 – WHAT ACB REVEALS ABOUT GOVERNMENT INTENT. The calculation tells you how the product is meant to be used
06:26 #5 – HOW ACB DRIVES THE ALLOCATION DECISION. Understanding the tax treatment helps you decide: allocate or don't

🔗 Learn More
 • LinkedIn: linkedin.com/pulse/mathlogicwealth-knowledge-power-cait-mba-cfp-clu-ch-f-c-tep-ablnc
 • Website: https://jeffcait.com
 • Books:
NEW! 5 Slides Only: How Community Learning Improves Advisor Credibility Beyond Traditional Sales Methods: https://www.jeffcait.com/5slidesonly
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