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How to Retire Using Whole Life Insurance

29:23
 
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Manage episode 443881906 series 99549
Kandungan disediakan oleh The Insurance Pro Blog. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh The Insurance Pro Blog atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

In this episode, we explore how you can use whole life insurance as a retirement tool. We dive into the mechanics of leveraging your policy's cash value for income in retirement, discussing both withdrawals and loans.

We break down the differences between direct and non-direct recognition policies and their impact on your retirement strategy. We also address common questions about outstanding loans and their implications for your policy.

Finally, we highlight the tax advantages of using whole life insurance for retirement income. We explain how this approach can simplify your financial planning in retirement and help you make informed decisions about your financial future. ____________________________

If you'd like to see how whole life insurance can work to help you build an income stream in retirement, please click here to contact us.

  continue reading

385 episod

Artwork
iconKongsi
 
Manage episode 443881906 series 99549
Kandungan disediakan oleh The Insurance Pro Blog. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh The Insurance Pro Blog atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

In this episode, we explore how you can use whole life insurance as a retirement tool. We dive into the mechanics of leveraging your policy's cash value for income in retirement, discussing both withdrawals and loans.

We break down the differences between direct and non-direct recognition policies and their impact on your retirement strategy. We also address common questions about outstanding loans and their implications for your policy.

Finally, we highlight the tax advantages of using whole life insurance for retirement income. We explain how this approach can simplify your financial planning in retirement and help you make informed decisions about your financial future. ____________________________

If you'd like to see how whole life insurance can work to help you build an income stream in retirement, please click here to contact us.

  continue reading

385 episod

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