Personal Wealth Shield Strategy

By customizing a financial plan to fit what is important to you, we are able to create your own financial roadmap. The direct relationship we have with our sister company Legacy Wealth Management helps us guide you through the complex maze of financial solutions and do it in a way that is simple to understand, straightforward, and precise. Our companies are unique in that we are independent firms- not tied to a single carrier or product- but representing more than one hundred different, highly-rated companies. This independence gives us the ability to pick and choose from a wide variety of resources, giving you the financial solutions to meet your specific needs.

Here's one example of what we do for our clients: 

Life Insurance Retirement Plan (LIRP)

As a life insurance policy designed to take advantage of tax treatment of life insurance, it is suited for investors with high income, which may exclude them from participating in Roth IRAs. A LIRP can provide a long-term accumulation vehicle for supplemental retirement income. In addition, at your death, it offers a benefit to help replace lost income for those who depend on you.

Objective

To provide investors supplemental retirement income via a life insurance policy featuring market appreciation, tax-deferred accumulation, and a life insurance death benefit.

Suitability
Indexed Universal Life insurance is often used as a vehicle for a Life Insurance Retirement Plan. Max-funding a policy is best suited for investors already taking full advantage of other tax-advantaged ways to save for retirement. A LIRP is an option for those investors wanting to invest more for retirement once they have reached the contribution limits on qualified plans.

Product Features 

• Earnings grow tax-deferred
• Payouts can be structured to provide an income
• Owner can structure tax-free payout from policy withdrawals and loans
• Death benefits paid to the beneficiaries are income tax-free
• Contributions should be made for at least 10 years
• Policy cannot lapse or all loans become immediately taxable
• Must be insurable
• Death benefit can be included in the owner's estate, if the owner is also the insured and passes away