|This solution uses a permanent life insurance policy to provide you with the insurance protection you need plus a unique additional feature…access to tax-free cash during your retirement years.
Under current tax law, the cash value in a life insurance policy accumulates tax-free, up to certain limits. The insured retirement program lets you use that cash value at a point in the future. Whether you want to supplement retirement income, purchase a vacation property or go on a trip, the insured retirement program lets you use your policy’s cash value as collateral for a bank loan.
This bank loan provides the cash you desire…and you receive it tax-free. The loan doesn’t have to be repaid until the life insured dies. When the insured dies, the tax-free death benefit is used to repay the loan and the interest. Once the loan is repaid, any remaining death benefit is then paid to the policy’s beneficiary.
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