Life Insurance for Retirement

You probably have a basic idea of the main purpose of life insurance: provide money to those you love once you are gone. But, life insurance can actually do much more than just a death benefit. This is especially true if your policy is an indexed universal life (IUL) insurance plan. In fact, IULs can provide tax-free* income. Therefore, an IUL may be a good consideration as life insurance for retirement. You can also help protect your wealth with an IUL.

In addition, if you have any money in low-earning CD’s or savings accounts, an IUL might help. In the long run, an IUL may provide a reasonable rate of return. So, using an IUL as life insurance for retirement can be a possible addition to your retirement plan. Also, do you want to leave a legacy? Some retirees consider an IUL for this purpose as well. Tax-free* income for you and tax-free* death benefit to those you leave behind. Those are just two of the reasons you may consider an IUL. In fact, you may be able to transfer cash value from a different type of life insurance, such as whole or universal life plans. Reach out to us to learn the details and find out which options are available for you.

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