The secrets of benefiting from permanent life insurance

4 Secrets of permanent life insurance

1. It is a great option for Retirement savings.

• Get the upside of the market with growth rates from 5% and up. The last ten years’ average was around 7- 8%

• Avoid the downside of the market with a guaranteed minimum growth rate. Never lose your initial investment.

• Can be designed to no longer need you to pay into it after retirement-and it still grows.

• Can be designed with minimums and maximums for flexibility when income changes.

• Tax-free access to your funds.

      2.  It is a great option for college savings.

• You don’t lose the money if your child decides to do something else.

• It won’t count against you if you apply for financial aid.

• It can be used tax free.

      3.   Protection for major medical diagnosis

• Health insurance has major gaps when it comes to critical or chronic illnesses.

• It doesn’t help with living expenses, new drugs and therapies, or non covered procedures.

• A Living Benefit rider allows you to take part of the death benefit, tax-free, to pay any extra expenses you incur.

   4.  You can be your own bank

• You can use the same dollar twice. Get access to your funds for major purchases like vehicles, homes, and businesses, while that same dollar earns interest or a dividend at the same time.

• Never need a bank again. You can loan to yourself and pay yourself back.

Contact Cindi today to set up a private strategy session to learn how you can take advantage of the right kind of life policy.