Forget what you’ve been told about life insurance. Life insurance can be a huge asset with growing value and benefits while living. Instead of offering just death benefit protection, certain types of life insurance can be smart additions to any retirement portfolio with growing significant value overtime. With the limitations of many traditional retirement products like 401(k)s, CDs, mutual fund accounts, savings accounts, and potential higher income taxes on your future retirement, you may be asking is there a way to create wealth out of Uncle Sam’s reach.

Also, a cash value life insurance policy on a child can protect insurability, cover major medical illnesses, and grow significant cash value overtime. Access to the cash value for college expenses, car purchase, wedding, starting a business, down payment on a real estate transaction.

A Cash Value life insurance is an unique solution that can offer the following tax benefits:

• Tax-deferred growth potential – Don’t have to pay taxes on the cash value growth in the policy.
• Tax-exempt distributions – Loans taken against a life insurance policy’s cash value aren’t subject to income taxes.
• Tax-exempt inheritance – In most cases, Beneficiaries don’t have to pay taxes when they inherit the death benefit.
• Tax-exempt death benefit accelerations – Livings benefits for major illnesses, take a set percentage to help for medical care.