Using Whole Life Insurance for Tax-free Income

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Is Whole Life Insurance built as tax-free income vehicle, or as a tax-free asset?

What's the difference?

We are back to introduce the first type of Life Insurance in our series: Whole Life.

Whole Life Insurance is generally the most widely understood and acknowledged form of Cash Value Life Insurance. It is also the most common form of CVLI in the United States today.

So we are tackling this type of tax-free vehicle and discussing why someone might use Whole Life Insurance for tax-free retirement income.

Whole Life Insurance provides guarantees, highly rated carriers, and extremely low risk. When it comes to generating income, However, low IRR and unfavorable loan provisions make Whole Life more of a tax-free asset rather than tax-free income vehicle.

Chapters:
00:00 Introduction
00:24 Recap of Previous Videos
01:16 About Whole Life
01:52 Why Someone Would Use Whole Life
02:36 Guarantees of Whole Life Insurance
03:38 The Downside to Guarantees
05:40 Dividend Rate vs. Rate of Return
10:14 Actual Historical Performance and Rate of Return
14:58 Whole Life as Tax-free Income Source
16:30 How to Access Your Money from Whole Life Policies
17:06 Loan Provisions of Whole Life
17:40 Downside to Taking Loans on Whole Life Policies
19:04 Example of Whole Life Policy
23:27 The Reason Behind Low Whole Life Performance
24:47 Summary
25:28 How to Get a Policy Review

Cash Value Life Insurance has been and will be one of the best ways to generate maximum tax-free income for life, but it takes the right design to get you there.

We specialize in creating policies that are designed for Maximum Cash Growth and Income.

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