Life Insurance For Retirement

Life insurance has several benefits besides just leaving money behind for your beneficiaries. In fact, life insurance for retirement may be able to act as a source of income for you while you are still alive. It may make a good alternative way of earning a reasonable rate of return.**

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Cosaint Financial LLC > Life Insurance

Indexed Universal Life Insurance For Retirement

Based on your specific situation, of course, an indexed universal life (IUL) insurance policy may be able to play a part in your retirement strategy. One of the major benefits of an IUL is tax-free* income. Remember, an IUL is an insurance product, which means different tax rules apply to it than a typical retirement account. Furthermore, you may be able to move some of the money in your traditional retirement account, such as a 401(k) or IRA, into an IUL policy instead.

Benefits

Here are some of the advantages of choosing an IUL as part of your retirement strategy. In your case:

Market loss will not reduce the cash value of your IUL
You will have the ability to lock in what you accumulate
Tax-free* growth in cash value
Tax-free* access to both principal and interest
You may fund it all at once, or over time
No fines or fees for accessing funds before age 59 1/2

And here are some benefits that apply to your beneficiaries after you pass away:

Death benefits are also tax-free*
Beneficiaries receive payments directly, no probate court
Payment could be received in one lump sum, or in installments
The death benefit could potentially increase with time

Germantown, WI

W177N9856 Rivercrest Drive Suite 212
Germantown, WI 53022

Elm Grove, WI

740 Pilgrim Pkwy.,
Suite 100A
Elm Grove, WI 53122

Palos Hills, IL

10125 S. Roberts Rd.
Suite 103
Palos Hills, IL 60465

Orland Park, IL

15255 S 94th Ave.
5th Floor
Orland Park, IL 60462

*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the website create an agent-client relationship.

McGarry P Murray, II an Investment Advisory Representative (IAR), offers advisory services through Gibbs Wealth Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. Cosaint Advisors, LLC. and Gibbs Wealth Management are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by, Cosaint Advisors, LLC, WI/IL Insurance Agency #3001748080 / 3001791820, and McGarry P Murray, II WI/IL Insurance License # 2130744 / 21307144.