Cash Value Life Insurance in Your Retirement Planning
Steady. Dependable. Able to head off problems, and solve them, too!
The numbers could surprise you . . .Cash value life insurance brightens your financial picture with flexibility, accessibility to cash values, tax-deferred
growth, and an immediate death benefit. In addition, there are a number of tax-free roles that cash value life insurance can play in your retirement planning: Source of Retirement Income At retirement, the cash value available in the policy can be:
Additional Retirement Income and Protection, too At retirement, you can elect the maximum life annuity pension option from your pension plan and use life insurance death benefits to help replace your pension income for your spouse, if you should die first. You and your spouse then enjoy a higher pension income while both of you are alive, with the knowledge that if something should happen to you, your spouse will have a continuing source of retirement income. Accelerated Death Benefits Many life insurance companies make it possible for policyholders to collect a large portion of a policy’s death benefit early--"in the here and now", if the policyholder is terminally ill, or stricken with a specific catastrophic illness, or requires long-term care at home or in a nursing home. Contact us to learn more about the right life insurance for you. |