With tax deferred growth and tax-free death benefits for beneficiaries a Whole Life Policy is the tax relief you need.
This time of year the W-2 and 1099 forms are showing up in the mailbox and email as that first of the year reminder that tax time will be here soon. If ever there should be a time for relief it would be in January, after we’ve all just spent a year’s budget on the holidays, and all of our health insurance deductibles and co-insurances start over, too. Where does that relief come from? A Whole Life Policy, of course.
When you have a Whole Life Insurance Policy you get peace of mind because your premiums never increase and the policy earns cash value and dividends that you can borrow or withdraw. The best part is in that tax relief. Cash value grows tax free, and the death benefit to your beneficiaries is also tax free.
Where else can you deposit funds on a monthly basis, watch them grow and as they grow borrow or withdraw the funds tax free for any purpose? You can make policy loans or dividend withdrawals to fund a child’s college education, meet emergency medical expenses, help fund your retirement or start a new career. Whatever your needs you can use your Whole Life Insurance Policy to help meet your financial needs, tax free, while you’re living. Then, as long as you’ve paid your premiums and your policy is still in force, your beneficiaries receive your death benefit tax free.
Your Whole Life Insurance Policy is versatile by itself, but may not be enough. There are so many times throughout our lifetimes that the unexpected happens, financial needs change, with that our ability to provide for our families. With the flexibility of a Whole Life Insurance Policy and the ability to purchase additional riders to make sure you are able to meet your obligations throughout your lifetime and beyond.
This time of year we all need a little relief. The best kind of relief comes in the peace of mind you get from being able to meet your financial needs tax-free and with the most flexibility. Call an AC Financial Adviser at (800) 574-3136 to talk about a Whole Life Policy.
