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Life Insurance Retirement Strategies
Most people realize the primary benefits of life insurance. Your family receives a death benefit should you pass prematurely. However, life insurance has additional advantages based on the type of coverage you choose. You could also consider life insurance retirement strategies as a source of income.

Indexed Universal Life Insurance
An indexed universal life (IUL) policy is a type of permanent life insurance. This means it has a cash value feature, as well as a death benefit.

With an IUL, you can protect your family and accumulate a cash value that can be used when needed. An IUL is often based on an underlying index, such as the S&P 500. Each year, the insurance company credits your policy with interest based on the index. The cash value builds up over time and can be used as a source of income.
IULs offer a way to benefit from stock market returns without risking losses. They track the performance of an index but are not directly linked to it. So, IULs reduce risk since no cash is put directly into the market. On top of that, it builds a death benefit that your beneficiaries will receive tax-free in the event you pass early. Also, the funds are held by the insurance company. And, each year, the insurance company sets an interest rate based on the movements of an index.
Benefits of a Fixed Index Annuity (FIA)
Fixed index annuities offer guaranteed retirement income over the long term. They have several advantages.
Tax-deferred earnings are accrued in fixed indexed annuities. Interest on these retirement annuities is not taxable until you withdraw it. Therefore, this allows compound interest to grow.
Retirement annuities are designed to provide income during retirement.
You earn interest on your contract based on an external index. However, you are not buying stocks or shares of the index. So, your FIA is therefore safe from market losses.
The death benefit goes to your beneficiaries after you pass away. Properly structured death benefits can also avoid probate.
The Right Life Insurance
Protecting your family is a top priority. But, retirement comes with some challenges. Finding the right life insurance in retirement is important. And, we provide you with tools to protect the people you love and your money. Join us for a session or schedule an appointment. We can help you determine if an IUL is the right life insurance retirement policy for you.
*Backed by the claims-paying ability of the carrier