How can I save Tax-Free?
What if you can get the flexibility of adjustable life insurance premiums and face value - with an opportunity to gain cash value to build Tax-Free retirement income? Would you go for it?
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What if you can also get all of this done without the inherit downside market risk?
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These programs pay interest based on the market's performance without being directly attached to the market. As the cash value accumulates within the insurance policy you have the flexibilty to earn Tax-Free income from the life insurance policy. All while maintaining your death benefit to pay an additional Tax-Free benefit to your family.
How do Tax-Free savings plans work?
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Cash Value Accumulation: Unlike term life insurance, which has no cash value component, these Tax-Free account accumulate cash value over time. A portion of your premium payments goes toward funding this cash value.
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Insurance Component: Like traditional life insurance, the programs provide a death benefit to beneficiaries when the insured person passes away.
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Index-linked Growth: The unique aspect of the programs is how it ties the growth of its cash value to the performance of an index, typically the S&P 500 or another major stock market index. Without being invested directly into the market
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Floor and Cap: Insurance companies typically set a floor and a cap on the interest credited to your policy's cash value. The floor ensures that even if the index performs poorly or goes negative, your policy's cash value doesn't decrease. This means when everyone else is losing their mind when their money is going down. You are CONTRACTUALLY guaranteed against loss!
Advantages of Tax-Free Savings Programs
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Tax-Free Distributions - Any amount that is credited to your cash value grows tax-free. The cash value can be used as Tax-Free Retirement income, college savings program, or just pay for the insurance premiums so you won't have to.
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Flexibility - These programs offer you the ability to choose your monthly premiums and allow for you to adjust throughout the life of the policy.
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Living Benefits - Living Benefits allow for you to have access to the death benefit in your insurance policy at any time due to life threatning illnesses.
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Death Benefit - A Tax-Free payment to the family forbid the insured passes.
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Guaranteed Against Loss - All of the cash value that is accumlating is secured against loss throughout the policy.
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Unlimited Contributions - With absolutely no limits to you contributions you are able to truly build a retirement vehicle that will suit your needs.
Saving for Retirement?
In 2001 and 2008 more people were forced out of retirment due to necessity. Why? The market droped between 30-50% and their life savings were cut in half due to the lack of security in their 401K, IRA, 403B, ROTH IRA or other retirement programs.
Even if these programs were 100% secure, do you think taxes will be higher or lower in the future? In a traditional tax deferred or "delayed" account we aren't paying taxes on our contributions now, instead waiting to pay the taxes when the money is needed and when our taxes will be higher.
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Let's make sure that when you need your income, you don't have to worry about paying someone else 30% of your life savings.
Planning for College?
Do you have a growing family? Are you trying to start planning for college? Tuition costs have continued to rise over the last 20 years and we can only assume they will continue to do so.
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Offset this by taking action to prepare ahead.
Prepare Ahead
Set aside comfortable monthly premiums to give your children a headstart that most of us didn't have.
Prepare to succeed
Give your children the tools that they need to succeed however they choose.
Build a safe Tax-free account, that will help offset the costs that we know we are going to experience as our children look to start their own lives.
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With these tax-free saving programs you have the ability to set up your children to be able to afford their carrer specific education, bussiness plans, trade school etc. all with the ability to continue to allow them to have a head start on their retirement.