CLIENT RESOURCES
Life insurance, specifically permanent life insurance policies such as whole life or indexed universal life, can serve as a cornerstone of your tax-free retirement strategy. These policies offer several features and benefits that contribute to creating a tax-efficient retirement income stream.
Permanent life insurance policies accumulate cash value over time. This cash value grows on a tax-deferred basis, meaning you don't owe taxes on the growth as long as it remains within the policy. This allows your funds to compound without immediate tax implications, potentially enhancing the growth of your retirement savings.
Permanent life insurance policies accumulate cash value over time. This cash value grows on a tax-deferred basis, meaning you don't owe taxes on the growth as long as it remains within the policy. This allows your funds to compound without immediate tax implications, potentially enhancing the growth of your retirement savings.
In addition to the cash value growth, life insurance policies provide a death benefit that is generally received tax-free by your beneficiaries. This can serve as an efficient wealth transfer tool, allowing you to leave a tax-free legacy to your loved ones, while potentially minimizing estate taxes.
