14/05/2024
Living benefits and the provision code defined by Internal Revenue Code 7702 and 72E.
Saving for retirement using life insurance offers a number of important advantages. First and foremost, cash values accumulate and grow tax-deferred. When properly structured, these values can also be withdrawn or distribute retirement income on a TAX- FREE basis. In addition, death benefits are generally paid to named beneficiaries income tax-free.
Unlike qualified plans like 401k and IRA, life insurance distributions can be made prior to age 59 1/2 without IRS penalty.
Unlike an IRA, No Required Distributions, life insurance cash values are not subject to required minimum distributions at age 72.
Unlike IRA, NO market risk and market loss for our hard earned retirement funds.
NOT ALL LIFE INSURANCE plans ARE THE SAME. Get one with full living benefits.
Living benefits and the provision code defined by Internal Revenue Code 7702 and 72E.
Saving for retirement using life insurance offers a number of important advantages. First and foremost, cash values accumulate and grow tax-deferred. When properly structured, these values can also be withdrawn or distribute retirement income on a TAX- FREE basis. In addition, death benefits are generally paid to named beneficiaries income tax-free.
Unlike qualified plans like 401k and IRA, life insurance distributions can be made prior to age 59 1/2 without IRS penalty.
Unlike an IRA, No Required Distributions, life insurance cash values are not subject to required minimum distributions at age 72.
Unlike IRA, market risk and market loss for our hard earned retirement funds.
NOT ALL LIFE INSURANCE plans ARE THE SAME. Get one with full living benefits.