Insurance — Tax-Free?

Responding to the changing needs of consumers, the life insurance industry has developed some alternatives that go much further in satisfying a variety of financial needs and objectives than some of the more traditional types of insurance and annuities. I would suggest getting your copy of my Book - Tax Free Retirement - Myth or Reality.

Advancements

Modern contracts offer much more financial flexibility than traditional alternatives do. For example, universal life and variable universal life insurance policies allow policy owners to adjust premiums and death benefits to suit their financial needs.

Modern contracts can also provide much more financial control. Whereas traditional vehicles, such as whole life insurance and fixed annuities, provide returns that are determined by the insurance company, newer alternatives enable clients to make choices that help determine returns. For example, variable annuities and variable universal life insurance allow investors to allocate premiums among a variety of investment subaccounts, which can range from conservative choices, such as fixed-interest and money market portfolios, to more aggressive, growth-oriented portfolios. Returns are based on the performance of these subaccounts.

There are contract limitations, fees, and charges associated with variable annuities and variable universal life insurance, which can include mortality and expense risk charges, sales and surrender charges, investment management fees, administrative fees, and charges for optional benefits. Withdrawals reduce annuity contract benefits and values. 

There are differences between variable- and fixed-insurance products. Variable universal life insurance offers several investment subaccounts that invest in a portfolio of securities whose principal and rates of return fluctuate. Also, there are additional fees and charges associated with a variable universal life insurance policy that are not found in a whole life policy, such as management fees. Whole life insurance offers a fixed account, generally guaranteed by the issuing insurance company.

The Dilemma

With different variations in protection, tax advantages, your personally goals and needs it is best to speak with a professional.

By planning your future with the  correct strategies you will create opportunity to meet your needs and Goals.

Most often today people associate "Life Insurance" as something you get to use as a death policy, but the truth,  with todays variations it is much more advanced and gone far beyond some typical death benefit.

These policies and structures are used from everything from ( estate planning - Tax Free Retirement - College Planning- Business Debt Relief- to Mortgage Protection).

If properly structured the Benefits are amazing, and can become truly the {financial rewards in a box} in preparing for our future and or our families future.

If you are considering Retirement Planning, call for a free consultation today.