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How To Create Tax-Free Income in Retirement with Life Insurance - Mike Mitchell

842 views · Published 19 September 2018 · 5:07 · Indexed 26 September 2026

Channel: Follow the Money · 2018 · Entertainment

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How To Create Tax-Free Income in Retirement with Life Insurance

by Christian financial advisor Mike Mitchell

Have a retirement planning question? Call Mike today at (833) 370-0777

Life insurance is one of the most powerful ways to create wealth.

This week, financial advisor Mike Mitchell shares several powerful ways a properly structured life insurance contract can improve your cash flow in retirement. 

When you have a permanent life insurance contract, you are then able to build up cash value within the life insurance plan that is then available to you in the event that you need the cash in the future. One of the many benefits of this cash value is that it grows tax-deferred. Additionally, distributions are generally tax-free, similar to a Roth IRA. 

In addition, you also enjoy the following benefits: 

1) Tax-Free Death Benefit. In addition to the cash value build-up, there is the death benefit that is made available tax-free to your heirs.

2) Waiver of Premium Protects Against Disability. By adding a waiver of premium rider to your life insurance policy, your insurance premiums will be waived if you become disabled and unable to work. 

3) Asset Creditor Protection. In most states, cash value life insurance enjoys asset creditor protection protecting the policyholder from litigation. 
A properly structured permanent life insurance contract is a powerful addition to your retirement and/or estate plan. 

Do you have questions about setting up a permanent life insurance policy? Reach out to Mike Mitchell today!

Request a complimentary risk profile and review of your retirement plan -- and discover how we can help you prepare for a sound retirement  -- by calling Michael Mitchell toll-free at (833) 370-0077.

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DISCLAIMER: Securities offered through Brokers International Financial Services, LLC, Member SPIC. Strategic Wealth Partners Inc., and Brokers International Financial Services, LLC are non affiliated entities. Strategic Wealth Partners Inc. only transacts Business in states where it is properly licensed or is excluded or exempted from registration requirements.
 
Michael D. Mitchell
National Insurance License #952349 CRD #23344046
Strategic Wealth Partner Inc., and Brokers International Financial Services, LLC are non affiliated entities.

Followthemoney.com is not an investment advisor. Our research tools and commentary are presented to our members for educational and informational purposes only. We do not provide professional investment advice. You should always consult a trusted investment professional before making any investment decisions.

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