Your client's portfolio needs a tax-free bucket. As you look at the history of top income tax rates, which direction do you think future rates will go? As taxes rise, it's important to mitigate tax liabilities during retirement by diversifying assets for tax-free access.

This piece is part of our foundation on how to leverage the benefits of cash value life insurance for tax-efficient income planning. If IRC Section 7702 rings a bell, it's because it is the tax code that allows life insurance retirement plans (LIRP) to have tax-free benefits. Some people even like to call it the insured retirement plan, since it is good at preventing losses from market downturns.

Published: March 15, 2024
Tracking Code: 40080
Business Line: Life Insurance
Category: Tax Diversification
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