Kelm Financial Services proposed a tax advantaged solution designed to meet the Smiths’ retirement cash flow needs, provide protection against a stock market downturn, provide an investment vehicle for the partnership bonus dollars, and increase his death benefit. Rather than adding to investments in taxable accounts which could not meet Mr. Smith’s needs, an Indexed Universal Life contract was used as the investment vehicle and provided the follow benefit
Indexed Universal Life – A Summary of the Living Benefits
- Tax Free Withdrawals – Properly Structured Life Insurance Products allow for Tax Free Withdrawals
- Access to your money on an income tax-free basis – Supplemental Retirement Plan
- Tax-Deferred Growth with no capital gains or taxes on growth, 1099 Never!