Tax Avoidance
Insurance + Tax Benefits = Powerful Growth
A permanent life insurance policy, also known as whole life, can provide solid protection, low-risk investment returns, and a host of tax advantages as long as you have the right approach.
Many insurance agents set up those policies to benefit themselves more than their clients, however and as they get a higher commission in the short term, your returns can suffer in the long run. Don’t let this happen to you!
Tax Free Growth & Tax Free Payout
Reliable, low-risk returns—with tax-free growth and tax-free payouts? When a permanent policy is configured correctly, it’s all possible. They aren’t right for everyone, though, so we’ll walk you through the pro’s and con’s.
Whole Life Insurance
This type of insurance has been a solid investment in America for over 160 years! It has survived a Great Depression, a Great Recession, and plenty of other ups and downs. Whole life allows you to get life insurance and invest at the same time.
Indexed Life Insurance
Rather than providing returns based on a fixed rate, the performance of these policies mirrors that of a market index, such as the S&P 500. But there’s one big difference—when the market goes down, you don’t lose money! Find out about tax sheltered accounts.
Slow And Steady Wins The Race
Tax-sheltered accounts, including whole life and indexed life policies, are not “get rich quick” strategies: They are designed to produce solid returns while limiting your downside. That’s one of the most important parts of investing—and you don’t have to go back too far to remember when the S&P 500 lost 30% in less than a few months. What if you could avoid losses like those, without taking big risks like trying to time the market? (Even the professionals have a really hard time dong that effectively.)
Life insurance can be a part of a solid investment strategy, right alongside your 401(k) and IRAs. It allows you to “bank on yourself,” getting tax-free growth (6% currently for some policies) and zero negative returns. It also provides important diversification for your portfolio.
Benefits And More Information
You aren’t taxed on the growth of your account
Your life insurance assets are protected from bankruptcy and creditors
Payouts are tax-free (unless you close your policy)
Life insurance tax shelter
You have access to your cash (subject to certain rules)
Get The Truth About Life Insurance
Whole life and indexed life polices can be powerful, but only when used correctly—and in the right situations. Would this approach be right for you? With our expertise and dedication to serving our clients, you’ll know, because we will tell you the truth. If it’s a good fit, we have the knowledge to find the best policy for you among 33 different companies. And if it’s not? We’ve got plenty of other life insurance options to help ensure your legacy is protected. Find out about whole life insurance as a tax shelter today.
Please note that while we provide general information about the tax benefits and/or implications of insurance policies, we are not licensed to provide professional tax advice or guidance. If you have questions about your tax situation, and how insurance might impact it, please contact your tax advisor.
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We’ve also been doing this a long time and those years of experience help us determine the right amount of coverage needed for each person based on their individual situations. Coverages are not all the same. Insurance policies and insurance companies vary greatly. Which is right for you?
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Whole life insurance tax shelter
Gary Franke
Life Insurance Specialist
Are You Over Paying for Life Insurance? Chances are… Yes.
So far this year, I’ve been able to save my clients an AVERAGE of $31 per month on a Term Life Insurance policy. That is an $11,160 savings over 30 years. Plus, they’ve received better coverage with guaranteed payouts. This is just an average; I’ve saved some people over $200 a month.
It’s amazing but I’ve found that chances are, you are paying way too much for life insurance.
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