Frequently Asked Questions

I've heard that whole life can be used as some sort of retirement account... how does that work?


It may be used as a retirement supplement depending on the cash value of the policy. The accumulated cash values comprised of both guaranteed and non-guaranteed growth elements can be substantial. Due to the current income tax treatment of life insurance cash values, it is possible to design a policy where not only will the cash value grow income tax-deferred, but if properly structured and subject to IRS guidelines, policyowners may also receive a significant portion of those accumulated cash values distributed annually via withdrawals and/or loans on an income-tax free basis.

This type of policy design is complicated. We strongly suggest working with an experienced, knowledgeable insurance professional when considering this structure.