Insured Retirement Plan
Life Insurance is one of the most misunderstood financial tools in the world. In very simple terms, Life Insurance is nothing more than a futures contract. It is also afforded many tax priviledges that other investment vehicles do not have.
Those who have significant income or net worth, or perhaps own a business with an Op Co/Hold Co structure, may not be aware of the significant tax benefits of their Life Insurance policies.
With the right type of policy, you can have a substantial amount of personal or corporate investment assets grow tax deferred and you may be able to withdraw the funds tax free in the future. The death benefit is also tax free.
There is no other vehicle that can do all those things. It is not for everyone, and great care should be taken to ensure a plan like this is structured properly.
Articles of Interest: