Because Permanent life insurance builds cash value, it can be a source of fund in retirement. Cash value isn’t subject to the volatility that sometimes affects retirement accounts. And, using life insurance for retirement income can offer tax advantages:
1. The death benefit is generally paid out income tax free, but there are some instances where federal and estate taxes can kick in on the proceeds of a life insurance policy. Talk with your tax professional.
2. The total cash value accumulates tax-deferred.
3. You can access the cash value of the policy of a tax-advantaged basis.
Remember, life insurance is, first and foremost, about protecting the ones you love after you’re gone. But some types can actually help you in retirement as well, by providing:
• A way to accumulate a source of funds.
• Tax-deferred growth insulated from market volatility.
• The option to take tax-deferred distributions.
Of course, life insurance should not be a primary source of retirement funding. If used in this way at all, it should be as an accompaniment to retirement accounts and investments made over the years. Whether it’s a good fit depends on your individual financial circumstances. And using life insurance in retirement will have negative implications for the policy’s value.
Life insurance is an important financial tool that can be the foundation of financial security and can provide comfort and stability for your family in the event of an unexpected death. It can help provide your loved ones with financial protection after you die. The proceeds of a life insurance policy can be used to help pay expenses such as funeral costs, medical bills, and other debts. It can also help with lost income and provide financial support for your family. With life insurance coverage in place, you have taken steps to protect your family’s financial future.
Take a look at some of the different types of life insurance below to see which one fits your needs best:
I am Danielle Richard, the proud owner of R6 Integrity Group. With over 5 years of experience as an insurance producer, I have developed a deep understanding and expertise in successfully navigating the complexities of the insurance industry.My genuine passion for assisting others, coupled with an in-depth understanding of the insurance market, has been instrumental in establishing a successful career dedicated to guiding clients through their insurance journey.
As the owner of R6 Integrity Group, my primary focus is to deliver top-quality services to our esteemed clients. We take pride in offering comprehensive support and guidance across a wide range of products. we have a dedicated department that caters to all your financial needs, offering a comprehensive range of services including stocks, property and casualty (P&C) insurance, health insurance, and various other insurance products. Our team of highly skilled professionals ensures that each client receives personalized attention and care. We are committed to fostering long-term relationships built on trust and mutual respect.
Throughout my career, I have earned a reputation as a trusted advisor and advocate for my clients. I consistently deliver exceptional service and tangible results. Our commitment at R6 Integrity Groupe to ongoing professional development ensures that I remain up-to-date with the latest industry trends and regulations. This dedication allows me to provide clients with the best possible service and advice.
Schedule an appointment HERE with me to find out how R6 Integrity Group can assist you in your financial and insurance needs.
I have been an Agent Advisor since 2018 specializing in Retirement, Financial Planning, Annuities, Life Insurance, and Infinite Banking Concepts. I believe in empowering my clients with knowledge and providing them with personalized financial solutions that align with their long-term objectives. Whether you are starting your retirement planning journey, looking to protect your family with life insurance, or seeking guidance on growing your wealth through investments, I am here to guide you every step of the way.
I invite you to reach out to me today to schedule a consultation. Together, we can create a customized financial plan that provides you with the peace of mind and security you deserve. If you would like to learn more about how I can help protect your family, please don’t hesitate to reach out and I would be happy to discuss your goals and objectives.
Hello, my name is Marcia Martin. I am an experienced independent life insurance broker who has dedicated my career to helping families protect their loved ones and build generational wealth. With a passion for financial education and a commitment to providing personalized service, I have established myself as a trusted advisor in the industry.
I work closely with my clients to understand their unique needs and goals. I specialize in using a powerful financial strategy known as infinite banking, which allows families to create their own personal banking system and take control of their current and future finances. With infinite banking, my clients are able to grow their wealth while also protecting their assets and ensuring their loved ones are financially secure. By leveraging the power of life insurance policies, they are able to access cash value and use it to fund major purchases, invest in opportunities, become debt free or simply retiring comfortably.
I take great pride in my ability to help families build their dreams and help them navigate the often-complex world of life insurance and future planning. I believe every family deserves the peace of mind that comes with knowing their future is secure. I am committed to helping my clients achieve that peace of mind through personalized service, education, and innovative financial strategies.
With many years in the insurance industry, Greg Wallace is your trusted life insurance agent specializing in mortgage protection and tax-advantaged retirement solutions. Greg is dedicated to helping individuals and families secure their financial futures and protect their most valuable assets.
Greg understands the significance of owning a home and the importance of safeguarding it against unexpected events. As a specialist in mortgage protection, he works closely with homeowners to design personalized insurance plans that provide peace of mind. Whether it’s protecting your family’s ability to make mortgage payments in the event of disability or death, or ensuring your loved ones can stay in their home if the unexpected occurs, Greg is here to guide you through the process and find the most suitable solution.
In addition to mortgage protection, Greg is also well-versed in tax-advantaged retirement solutions. He recognizes the need for individuals to have a secure and comfortable retirement, free from financial worries. By leveraging his extensive knowledge and expertise, Greg helps clients navigate the complex world of retirement planning, offering tailored strategies that maximize tax benefits and grow wealth for the golden years.
My name is Amanda Shuman , I’m an Independent Licensed Professional in multiple states. I pride myself in getting to know each client so that I can understand their individual needs and what matters most to them. This helps me recommend products and strategies designed to meet their current, and more importantly, future needs. My goal is to provide families and business owners with assistance in building their financial freedom. I have the skills, knowledge and experience required to help meet my client’s established goals. My personal goal is to become a lifetime resource for each and every client. I provide an analysis of your current financial situation and help you: identify financial goals and concerns, illustrate what is being done to reach your goals and deal with concerns, identify gaps, if present, and offer solutions to help fill them.
As an Insurance Broker partnered with R6 Integrity , my primary objective is to ensure that the clients I serve receive the most favorable insurance solutions. Throughout my extensive experience in the insurance industry, I have diligently conducted thorough research to identify the best solutions and collaborate with top-tier companies, enabling me to offer the most optimal programs available.
At our agency, we have a dedicated team of Insurance Specialists who prioritize giving your coverage needs the utmost attention. Whether you require a quote, are applying for coverage, awaiting approval, or gathering information, our Insurance Specialists are here to assist you. They will guide you through the entire process, from start to finish, answering your questions, assisting with applications, scheduling appointments, and expediting the process. We continually expand our network of Insurance Companies to ensure that we can provide you, our valued clients, with the BEST policies at the most AFFORDABLE prices.
As an independent broker, I work solely for you, the client. My mission is to save you time and money by finding the right coverage at the right price. Our agency specializes in life insurance, supplemental benefits, annuities, and life settlements, catering to those who require these services. Ultimately, my goal is to protect the people who matter most to you, providing you with the peace of mind you deserve.
Contact our experienced financial professionals today to learn more about how these insurance solutions can help protect you and your family. We can help you find a solution to suit your needs and budget. Get the peace of mind you deserve – call now!