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Wealth Accumulation
Planning |
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 Using Life Insurance
There are many factors that must
be taken into account when
choosing where to place your
investment dollars. These
include your objective(s) and
time-frame, acquisition and
liquidation costs, growth
potential, guarantees, annual
expenses, and risk and liquidity
factors. Often overlooked is the
tax treatment of contributions,
accumulation of earnings, and
distributions.
People often overlook the
potential for efficiently
accumulating cash value inside
their life insurance
policies. While the natural
inclination is to pay as little
as possible for protection,
additional premium
dollars have the potential to
accumulate more cash value
because a policy's cash value
grows tax
deferred*.
An often overlooked feature of
life insurance is access to the
cash value. When you own a life
insurance
policy, you can withdraw cash
value, tax-free*, up to the
amount you have paid in
premiums¹. Plus, you can borrow
additional cash value from the
policy via loans free of taxes.
Why is Permanent Life
insurance a viable alternative
to potentially accumulate
wealth?
1. Tax-Deferral:
With tax-deferral you
potentially accumulate more
dollars. With more dollars
working for you, the power of
compounding over many years
gives you the potential to
produce a much larger sum at
retirement.
2. Cash Available:
With life insurance, you can
take dollars out of your policy
on a Tax-Favored* basis.
3. Self Completing:
With life insurance, you can
still achieve your financial
goal even if you become
disabled, if the waiver of
premium option is elected. There
is a cost attached to selecting
the waiver of premium rider
on your contract. Plus, you leave
a legacy at your death for
family or organizations special
to you.
Indexed Universal Life –
The Key to Wealth Accumulation
“Upside Potential with Downside
Protection” = Why we use Indexed
Universal Life Insurance for
Wealth Accumulation Planning.
Having the ability to grow your
cash tax deferred is one great
benefit. Being able to withdraw
your cash down the road tax free
is another great benefit. The
best benefit of all is being
able to invest your money
efficiently, take advantage of
the upswings and profits in the
stock markets and not have to
participate in the downside and
the losses. Indexed Universal
Life has “Upside Potential”(Up
to the CAP issued by the
Insurance Company usually
between 10-16%) with “Downside
Protection”(Guaranteed Floor
issued by the Insurance Company
usually 0-2%). Policies
guarantees are based on the
claims pay ability of the
insurer. Individuals are not
invested in the markets and one
can not invest directly in an
index.
Give us a call today
at 732.349.5353 or request a
quote to start building your own
Wealth Accumulation Plan today!
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Retirement Services, Planning for retirement,
Traditional IRA, Roth IRA, 401(k), Profit Sharing Plan, SEP IRA,
SIMPLE IRA, Accumulate wealth, Accumulating wealth, Annuities,
Tax Deferred Annuity, Tax Deferred Annuities |
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