Life Insurance can provide individuals with some very distinct advantages above and beyond the actual death benefit itself. Specifically, it has the ability - when properly structure - to provide tax-free investment growth. This can provide a great opportunity to supplement your personal retirement funding.
Permanent life insurance has the ability to have cash value build up "inside" the policy. This cash value, by law, grows in a tax-deferred manner, meaning your investments compound more quickly year-over-year than traditional, taxable investments
This investment growth has the potential to become tax-free if the money is accessed (in the future) through a combination of withdrawals of basis (the premiums you put in) and borrowing of the investment growth so long as the policy remains inforce through the life of the insured.
Life insurance can also provide you with a broad range of investment options to help you achieve your financial objectives.
It is, however, important to work with an advisor who is well versed in all
aspects of Advanced Retirement Planning and can provide you with a thorough financial analysis of
your various options.
