3761 S Nova Rd, Suite P PMB 1037, Port Orange, FL 32129
3761 S Nova Rd, Suite P PMB 1037, Port Orange, FL 32129
Are you a federal employee searching for additional avenues to make additional “tax-free” retirement options? At Winston & Winston Inc., we specialize in a variety of different options in addition to your TSP account.
Universal life insurance offers a blend of flexibility and financial security. Unlike whole life insurance, universal life policies allow policyholders to adjust premium payments and death benefits based on changing life circumstances. This adaptability makes it an attractive option for individuals looking for customizable coverage. The cash value component of universal life insurance provides liquidity, allowing policyholders to access funds for various needs, such as paying premiums or covering expenses during emergencies.
Whole life insurance is a reliable choice for those seeking lifelong coverage with financial stability. With fixed premiums, policyholders can enjoy the assurance of consistent payments throughout their lives. The cash value of a whole-life policy grows over time, potentially offering tax advantages and serving as a valuable asset. Moreover, the death benefit is guaranteed as long as premiums are paid, providing peace of mind to beneficiaries.
Indexed life insurance combines the benefits of permanent life insurance with market-related returns. The cash value growth in indexed life insurance policies is tied to specific market indexes, offering the potential for higher returns compared to traditional whole-life policies. Despite market risks, indexed life insurance policies typically provide a guaranteed minimum interest rate, ensuring a level of stability and security for policyholders’ cash value growth over time.
Tax-Free Retirement with Life Insurance
Utilizing life insurance as a vehicle for tax-free retirement income is a strategic approach. Through this method, you can access distributions during retirement without tax implications, while also ensuring financial security for your family. This approach combines retirement planning with life insurance protection, offering a comprehensive financial strategy.
