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Tax & Penalty Free Retirement

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Retirement Protection

At some point in our lives, we all must consider planning for retirement. Our plans could be 5 years away or 30 years away. We all must make smart choices regarding how much money to save and what retirement strategies to use. These choices can make the difference between living the lifestyle you want or having financial struggles.

There is not one-solution when it comes to saving for retirement, but if you rather have a plan that offers safety and guarantees, you may want to consider the retirement protection benefits offered by annuity products and indexed universal life (IUL) insurance policies.

What Are Fixed Indexed Annuities?

An annuity is essentially an insurance product. With deferred annuities, the contract holder can accumulate money over a period of years by either making an initial deposit and watching it grow, or by making periodic deposits over time.

Funds invested in retirement annuities grow tax deferred. When you are ready to start drawing on your annuity, you “annuitize” the contract and turn it into an income stream, so you receive a series of regular payments each month, quarter, or year.

A Fixed Indexed Annuity can be a smart choice as part of your overall financial strategy. Opportunity for growth potential, but also protection from loss during volatile markets. Tax-deferred Earnings. Best-Rated Insurers. Withdrawal Flexibility. Great Reviews.

The graph below shows an example on how a Fixed Indexed Annuity will protect your money from losses.

Fixed Index Annuities Graph


What is Indexed Universal Life Insurance?

An Indexed Universal Life (IUL) policy is permanent life insurance coverage with both an insurance component and a cash value savings component. The cash value can be indexed to a financial market index, offering policyholders the upside potential that comes with investing in the markets while still retaining the protection of life insurance coverage.

How Can You Use Annuities
and IUL for Retirement Protection?

There are many reasons for choosing retirement protection annuities and IUL products. The most common reason many people use annuities is for channeling their savings into a regular income stream during retirement.

Funds from Social Security and pensions may not be enough to allow you to live the lifestyle you want when you retire. Choosing a retirement protection annuity can give you an additional paycheck every month to supplement those other income sources – giving you the funds necessary to travel, pay your expenses each month, buy gifts for loved ones and more.

Similarly, IUL policies offer you the option of accumulating cash inside your life insurance policy – cash that you can use for any purpose.

How Does Retirement Protection Work?

When you purchase a deferred annuity as part of your retirement plan, you enter into a contract with the issuing insurance company. During the accumulation phase, when you are able to add funds, your funds will grow on a tax-deferred basis. When you are ready to turn your annuity into a stream of cash, you’ll have various payout options to choose from. An Indexed Universal Life (IUL) policy includes both a death benefit amount and a cash value component. Your cash value account, to which you can make additional payments at any time, can be tied to a market index so you have the upside of investing in the stock market without the financial risk. The first step toward ensuring you have the income you need during your retirement years is to contact us. We can help you understand the various products available that will best meet your needs.