Rob Hagg

Tax-Advantaged Life Insurance with Access to Market Returns

Indexed and Variable Universal Life Insurance Could Be a Play for Tax Conscience Investors For moderate to aggressive savers who are tax conscience about their investments and appreciate long-term horizons, cash-value life insurance offers domestic and foreign indices as well as equity and bond subaccounts. Wealthy and affluent investors appreciate the tax-free income that can help manage taxes in retirement and in an allocated investment portfolio. Cash-value life insurance, issued as a non-modified endowment contract, can generate tax-free distributions as long as the contract is kept in force for the life of the policy insured. So that’s the caveat...

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Tax-Conscience Savers Should Consider Life Insurance

Par Whole Life and Universal Life Insurance Interest Crediting Contracts If you’re a tax-conscience, conservative, long-term saver, you should consider two cash-value life insurance contracts that are interest-rate driven via the insurance-companies-dominated portfolio of investment grade government bonds. One is the vanguard of cash-value policies entitled Participating Whole Life and the other is Current Interest Rate Universal Life. Both have their pros and cons as a savings vehicle, but the tax advantages of both can present a real appeal to consumers. Undergoing a risk-tolerance test can help you build a financial profile that can serve you in the decision-making...

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Creating Insurance Policy That Can Deliver Optimal Returns

Designing an Optimal Life Insurance Policy for Tax-Deferred Cash Accumulation and Tax-Free Distributions Designing an efficient cash-centric life insurance policy is an engineering marvel for those mortality mechanics who understand the blue prints of insurance regulation and the tax code—not just any insurance professional will do. It must be designed by a professional who understands all the moving parts of the policy and the rules that govern these types of contracts. If designed correctly, it is almost undefeatable. If designed incorrectly, it’s always indefensible. A non-modified endowment, cash-value life insurance contract kept in force for the life of the...

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Funding College Education, Retirement and Generational Income

Life Insurance Can Be Used in a Variety of Income-Planning Scenarios Most consumers are unaware cash-value life insurance has several planning scenarios and tax strategies that can reposition existing assets and redirect monthly contributions from savings accounts to this unique tax-advantaged product. There are saving and investment options to choose from based on your risk tolerance, liquidity needs and financial goals. Life insurance is a mortality product based on the health of the policy insured. The better the health of the non-smoking policy insured, the cheaper the cost of insurance and the potential to generate tax-free income. Once you...

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Creating a Tax-Free Retirement Plan

Adding a Reverse Mortgage, Roth IRA and Life Insurance to Social Security Income If you’re under age 50, not in a high-effective tax bracket and not receiving a matching contribution from your employer into your 401(k), consider dumping your ERISA plan in favor of a tax-free retirement. It’s probably too late for baby boomers in or near retirement, but it might just be the perfect time for the younger generation to break ranks with the conventional and think about a revolutionary retirement concept. Most Americans planning for retirement are familiar with their Social Security benefits, Roth IRAs and reverse...

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