Life Insurance For Retirement

Life insurance has several benefits besides just leaving money behind for your beneficiaries. In fact, life insurance for retirement may be able to act as a source of income for you while you are still alive. It may make a good alternative way of earning a reasonable rate of return.**

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Cosaint Financial LLC > Life Insurance

Indexed Universal Life Insurance For Retirement

Based on your specific situation, of course, an indexed universal life (IUL) insurance policy may be able to play a part in your retirement strategy. One of the major benefits of an IUL is tax-free* income. Remember, an IUL is an insurance product, which means different tax rules apply to it than a typical retirement account. Furthermore, you may be able to move some of the money in your traditional retirement account, such as a 401(k) or IRA, into an IUL policy instead.

Benefits

Here are some of the advantages of choosing an IUL as part of your retirement strategy. In your case:

Market loss will not reduce the cash value of your IUL
You will have the ability to lock in what you accumulate
Tax-free* growth in cash value
Tax-free* access to both principal and interest
You may fund it all at once, or over time
No fines or fees for accessing funds before age 59 1/2

And here are some benefits that apply to your beneficiaries after you pass away:

Death benefits are also tax-free*
Beneficiaries receive payments directly, no probate court
Payment could be received in one lump sum, or in installments
The death benefit could potentially increase with time

Germantown, WI

W177N9856 Rivercrest Drive Suite 212
Germantown, WI 53022

Elm Grove, WI

740 Pilgrim Pkwy.,
Suite 100A
Elm Grove, WI 53122

Palos Hills, IL

10125 S. Roberts Rd.
Suite 103
Palos Hills, IL 60465

Orland Park, IL

15255 S 94th Ave.
5th Floor
Orland Park, IL 60462

*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

IMPORTANT CONSUMER INFORMATION

Gibbs Wealth Management, LLC (“Gibbs”) is an SEC registered investment adviser, and Investment Advisory services are offered through Gibbs D/B/A Cosaint Advisors, LLC. Insurance products and services are offered through Cosaint Financial, LLC. By using this website, you accept our Terms of Use and Privacy Policy. Gibbs’ investment advisory services are available only to residents of the United States in jurisdictions where Gibbs is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Any historical returns, expected returns, or probability projections are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website does not constitute a complete description of Gibbs’ investment advisory services. Before investing, consider your investment objectives and Gibbs’ fees. Gibbs is not a bank or depository institution licensed in any jurisdiction. GWM and GFG are affiliated companies. Products offered by Gibbs are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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By contacting McGarry P. Murray, II or Cosaint Financial, LLC, WI LIC. 2130744 / 3001748080, IL LIC. 21307144 / 3001791820, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life. Investment advisory services offered through Gibbs Wealth Management a Registered Investment Advisor in the State of Wisconsin. Insurance products and services offered through Cosaint Financial, LLC. GWM and Cosaint Financial, LLC are not affiliated companies. Cosaint Financial, LLC and Cosaint Advisors, LLC are affiliated companies. There is no obligation to purchase any product.