{"id":11476,"date":"2022-09-08T14:51:21","date_gmt":"2022-09-08T19:51:21","guid":{"rendered":"https:\/\/www.figmarketing.com\/blog\/?p=11476"},"modified":"2024-08-06T14:15:34","modified_gmt":"2024-08-06T19:15:34","slug":"life-insurance-as-part-of-a-retirement-plan","status":"publish","type":"post","link":"https:\/\/www.figmarketing.com\/blog\/life-insurance-as-part-of-a-retirement-plan\/","title":{"rendered":"Life Insurance as Part of a Retirement Plan"},"content":{"rendered":"\n

Updated August 6, 2024, at 3:14 PM<\/em><\/p>\n\n\n\n

The unique features of life insurance make it a strong vehicle for achieving additional income distributions in retirement. When overfunding an index universal life (IUL<\/a><\/strong>) policy or a whole life policy, there are no contribution limits, the cash value grows tax-deferred, and income can be taken tax-free.<\/p>\n\n\n\n

Additionally, there’s protection from market risk, unlike other investments, and living benefit riders. The actual death benefit can also help protect the entire portfolio and the risk of long-term care (LTC)<\/a><\/strong> expenses eroding their nest egg.<\/p>\n\n\n\n

Let’s dive into the ideal client profile, key selling points, a case study, and more on the topic of implementing life insurance<\/a><\/strong> as part of a retirement plan.<\/p>\n\n\n\n\n\n\n

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\"Life<\/a><\/figure><\/div>\n\n\n

Ideal Client Profile<\/h2>\n\n\n\n

The ideal client to use life insurance as part of a retirement plan is vast. To start, ideally a client is between the ages of 25-60, needs life insurance and seeks additional retirement income<\/a><\/strong>, even if retirement is 15 or more years away.<\/p>\n\n\n\n

They may also have met contribution limits for other plans, be risk-averse, seek a tax-advantaged solution, or be concerned about future tax rates and market exposure.<\/p>\n\n\n\n

Key Selling Points<\/h3>\n\n\n\n