Cash Value Life Plan

Cash Value Life Plan

Using Life Insurance to Help with Retirement Planning

Are you concerned about the financial security of your family today should something happen to you? Are you also uneasy about the future and falling short of retirement income? It may be time to consider life insurance. Take a moment to view our video about using life insurance to help with retirement planning.

Why Life Insurance for Retirement Planning

Permanent life insurance provides death benefit protection that can help you protect your loved ones in the future. Plus, it can be designed with the flexibility to address changing needs throughout your life. Life insurance can be a twofold strategy as part of your financial plan:

A solid financial plan often begins with life insurance. In the event of death, the proceeds are distributed to your beneficiaries generally income tax-free.

Your premium payments on a permanent life insurance policy may accumulate cash value on a tax-deferred basis. Through policy loans and withdrawals, the cash value may then be used to help pay for a wide variety of needs in retirement. These could be planned distributions for planned expenses, or potential cash value may be used as additional funds to help protect you from outliving other retirement income sources or unplanned expenses. You may also access a portion of this death benefit during your lifetime in case of an unexpected illness. Cash value from your policy may be used for anything, from monthly cell phone bills to out-of-pocket co-pays to a favorite travel destination.

Investment advisory services offered through Allmerits Asset, LLC, a Registered Investment Adviser firm. Allmerits Asset does not provide legal or tax advice. Investment Adviser Representatives of Allmerits Asset may only conduct business with residents of the states and jurisdictions in which they are properly registered or exempt from registration requirements. Insurance and Annuity products are sold separately through Allmerits Financial and Insurance Service. Securities transactions for Allmerits Asset clients are through Trust Company of America, TD Ameritrade, Nationwide, John Hancock and American Funds.