TAX FREE RETIREMENT
Get ahead of the game
Usually, every dollar you put away for the future has to be taxed at one point or another. Life insurance, if structured properly can provide a solution for most of that. To put that simply, the death benefit is tax-free, the cash value accumulated inside the policy is tax-deferred, and it can’t be taxed as current income. This can be really beneficial for higher income tax brackets to protect against rising taxes. Being able to make use of a cash value – tax free, is a great way to supplement a retirement income. Not all retirement savings have this kind of tax advantage which in turn provides diversification in a portfolio. Always a good plan!