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Life Insurance
Your Strategy
We Can Answer Your Life Insurance Questions
Is an IUL the right fit for you? Let’s explain the benefits that an IUL policy comes with. Life insurance, believe it or not, could have a place in your retirement strategy.
An IUL (indexed universal life) insurance policy, in addition to providing a payout to your beneficiaries, also may be able to help you while you are still alive. Putting money into an IUL is different from putting it into an investment, or a traditional retirement account. An IUL is not subject to the same tax rules as typical retirement accounts. It may allow you to take income during retirement tax-free.*
Additionally, an IUL does not come with contribution limits, the way 401(k)s or IRAs do. You may be able to use an IUL like another savings account. Since the income can be taken out any time, tax-free,* an IUL is great for the purpose of paying for unexpected costs, in the event of sudden changes in your financial situation, emergencies, etc. If you use an IUL for these things, you won’t have to dip into your other retirement accounts too early. Everyone’s situation is, of course, unique.
Could indexed universal life insurance be right for you?
For Your Beneficiaries
If you’re hoping to leave some of your wealth behind, an IUL could also be worth considering. Because it is a life insurance product, it comes with a death benefit. And, your beneficiaries can receive their money without probate. Additionally, the death benefit is not taxable to your beneficiaries. An IUL is one way for you to leave a legacy to your loved ones.
Tax-Free* Income?
Our overall goal is your long-term security. If you’d like to learn more about how indexed universal life insurance works, or how it may be able to help you, then please reach out. We offer no-cost, no-obligation educational seminars to help you learn more about your options in retirement. Additionally, you can schedule a one-on-one meeting with us.