Your Retirement Inc

Protecting Your Health, Your Assets, Your Dreams
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Single Premium Whole Life      
A Fresh Perspective on Life
What kind of life insurance do you need? Term is the best value for those who have the discipline to invest the difference. But Universal, Whole, Single Premium, and Final Expense insurance each has its unique place and purpose.
 
Your life insurance is a valuable asset. You may want to consider a professional analysis and review if:

 

  • Your need for life insurance has increased or decreased.

 

  • The purpose of your insur- ance has changed, such as tax-free transfer of wealth to your heirs.

 

  • Your policy is 8+ years old; Many companies reduce growth rates on older policies.

 

  • Extended periods of low interest have caused reduced performance or increased premiums.

 

  • Your health has improved, qualifying you for a better rating.
  • Your family or business situation has changed.
  • Your policy's performance has been affected by loans, withdrawals, other factors.
  • Premiums have not been paid as planned.
     

 

Click Here for an online quote.

 

Click Here to request a professional review of your existing policies. Be confident that your insurance provides the best value for your dollar and reflects your life and goals.

Clarity and Insight

 
What is the purpose of your insurance?
 
  • Provide survivor income
  • Insure that debts are paid
  • Supplement your retirement income
  • Insure your spouse’s retirement
  • Protect your estate
  • Leave a legacy
  • Protect your business
  • Attract or retain a key employee

 In life, there is one constant: change. That's why it is so important to regularly review your coverage. A new family situation, a different career, or a shift in financial status triggers the need for a change.

 

 

Click Here to caculate how much life insurance you need.

 

Our 38 Life Carriers

Establishing the Benchmark: 

 

 

 Tax-Free, Probate-Free Gifting

Most savings and investments incur loss through income taxes, capital gains taxes and estate taxes. At death, they are often further reduced by probate costs and legal fees. These assets may have already been diminished by the high costs of long term care.

 

A great solution is SPWL, or Single Premium Whole Life, guaranteed to age 110*, and will immediately increase the size of your estate. Death benefits avoid probate and are paid directly to your heirs, tax-free! SPWL also offers immediate access to your funds, although there may be tax consequences to individuals under 591/2. Distributions and loans may be subject to federal income tax penalty upon early withdrawals.

 

Here's an example: A 65-year-old male non-smoker with a standard health rating would like to leave $100,000 to his church. If he puts $50,000 in SPWL and names his church as beneficiary, it will receive the $100,000 tax-free when he passes on.

*varies with company and state

**assumes a 60% gain. Actual amounts will vary with company and policy design.

 

 

What is the purpose of your money? 

If the purpose is to pass it on to your heirs, there is no better vehicle than SPWL. Earnings from bank CDs and money market accounts are not income-tax free. Stocks and mutual funds face continual market risk. 

 

Not so with SPWL, a common estate-planning tool that maximizes the benefits of gifting to a family member, or your favorite charitable organizations. SPWL guarantees an immediate death benefit increase*, and may be more cost-effective than paying annual premiums like other policies.

 

Current tax laws allow a tax-free 1035 exchange from one life insurance policy to another. You may want to review your current policies to see if it would be advantageous to exchange them for a SPWL. Do you have another investment, which is disposable income? If the purpose of the money is to pass on to your heirs, consider cashing it in. You may have to absorb a tax burden now, but your heirs will receive it tax-free.

 

SPWL does have some limitations. Your Retirement Inc does not offer legal advice. Tax laws are subject to change and may be interpreted differently. We recommend you seek counsel with a qualified tax advisor regarding this policy and your particular tax siuation.  Click Here for more information.

*Amount of increase varies with product, state, and clients' age.

 

 

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