October is Breast Cancer Awareness Month. Please make sure you have supplemental health insurance to cover cancer if cancer runs in your family. A few years ago I had 3/4 parents fighting cancer all at one time. It was a huge financial hardship for my parents. Please remember that your regular health insurance policy does not cover cancer treatments 100%
Do you need additional life insurance coverage and dream of having
the potential for some tax-free retirement income? Most people know that life insurance can help
provide financial security and continuity during one of life’s most difficult
times: the death of a loved one.
What few people know is that life insurance can also help
people meet their retirement goals and dreams by potentially allowing them to
access their policy’s cash value, using tax-free policy loans and withdrawals[1]
to supplement retirement income.
If you need additional life insurance and you’re thinking of
ways to fund your retirement, let’s set up a time to talk. Please Feel free to call or email me any time to schedule a complimentary meeting.
Have a great day and enjoy this beautiful fall weather we are having!
[1]
The use of cash value life insurance to provide a tax-free resource for
retirement assumes that there is first a need for the death benefit
protection. Policy loans and withdrawals
reduce the policy’s cash value and death benefit may result in a taxable
event. Withdrawals up to the basis paid
into the contract and loans thereafter will not create an immediate taxable
event. Withdrawals up to the basis paid
into the contract and loans thereafter will not create an immediate taxable
event, but substantial tax ramifications could result upon contract lapse or
surrender. Surrender charges may reduce
the policy’s cash value in early years.
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