Planning for Retirement
An annuity is a tax-deferred and secure investment that can guarantee income for your retirement. Fixed and Index annuities offer protection for your principal as well as the gain you receive each year. Your money is never at risk due to market losses because there are guarantees in your contract that protect you. With an annuity, you can guarantee income for the rest of your life. You don’t have to worry about running out of money during retirement.
Index Universal Life (IUL) Insurance
An IUL is a permanent life insurance policy that has a "living" benefit in the form of a cash value. It also has a death benefit that is paid at death. The cash value in your policy earns interest. What makes IUL insurance unique is that you can earn interest based on the movement of an external index (like the S&P 500).
The benefit of an IUL is that you are able to take advantage of a portion of the gains in the market when an index rises without having to take any of the risk when an index decreases. In other words, your money is NEVER at market risk! If the index goes downward in any given year, you are guaranteed that your cash value will not decrease due to the market loss.
You can save money for retirement through the cash value in your Index Universal Life insurance policy. If you were to die prematurely, your loved ones will receive the death benefit of the insurance policy federal income tax free.