An efficient way to transfer wealth and protect dependants, Life Insurance, particularly variable life insurance*,also offers valuable living advantages that make it a desirable supplemental retirement planning tool:
- A properly arranged insurance policy will offer cash accumulation and tax deferral.
- Policy loans and withdrawals will reduce the cash value and death benefit payable to you and your beneficiaries and may have certain tax consequences. We recommend that you work with your attorney and/or tax advisor.
Our Life Insurance in Retirement Planning program demonstrates the options and income amounts available through life insurance - and shows the tax advantages of including life insurance in an accumulation strategy.
*Variable Life Insurance is a securities product sold by FINRA registered representatives and offered by U.S. Bancorp Investments.