Retirement Life Insurance

Retirement planning should include life insurance. Whether it's a term policy, whole life, or

other form of permanent life insurance like an IUL, life insurance planning is key. But, what exactly is retirement life insurance?

Cash value life insurance is money you can loan against to use as supplemental retirement income. You can structure an indexed universal life insurance product in different ways to be able to maximize the cash value and lower the death benefit. The larger the premium the more it will grow. Of course the amount you'll need to pay in premium and amount of death benefit largely depends on your age and health. It's important to note that a whole life insurance plan is guaranteed while an indexed universal life insurance policy isn't, but it has the potential for higher gains.

Kaizen Financial Strategy for Retirement Life Insurance

We have a strategy called Kaizen that's designed specifically for retirement using life insurance. Depending on your age, you will need to invest around $25,000 annually. Since you're applying for life insurance they will take into account your health as well as financial ability to be able to do this strategy. Watch the video on this page to learn more about tax-free retirement using life insurance.

With this specific strategy, you'll need to grow your money for about 15 years before you're able to start drawing income. For that reason, I recommend starting this plan sooner than later so that you're able to draw out by retirement age. The longer you allow your cash value to grow, the better your income will look into retirement.

When you're ready you can schedule a free no obligation consultation so you can see what your retirement will look like based on your specific age and amount of investment.

Life insurance planning is a majorly important part of your retirement plan. Life insurance isn't just for when you die, but it can take care of you when you're alive in case of illness or even supplemental retirement income.