Jack and Carol used the Tax-Free IUL to create a Tax-Free Pension Alternative for their granddaughters. What a legacy, tax-free income for life.
They recognized the power of tax-free compounding. Their annual gifting strategy will set their granddaughters up for life.
Living Benefit Life Insurance is very flexible and safe.
You don’t lose money when the markets go down. You participate and share in market upside, up to an annual cap rate. Annual gains are locked in so you never give back interest previously earned. Withdrawals are tax-free penalty free at any age for any reason.
The granddaughters won’t have to wait for their deaths to enjoy the living benefits of this legacy. They will be able to use the tax-free living benefits for college tuition, weddings, down payments on a house or any other reason. Thanking their grandparents each time.
Watch the Retirement-Toolbox video.