Why is a LIRP so powerful?
A LIRP is so compelling because of how the IRS treats the taxation of this plan. A LIRP offers beneficial tax treatment during both the accumulation phase and distribution phases like most retirement plans; however, what makes the LIRP so unique is favorable tax treatment upon death. It’s the only retirement plan that can create generational wealth.
How it works
A LIRP is a permanent life insurance strategy that mimics many of the tax-free characteristics of the Roth IRA without the income limits, market risk, portfolio volatility that you can suffer in other retirement plans.
Most retirement plans are advantageous during the accumulation and distribution phases, but they are not ideal for transferring wealth from one generation to another.
A LIRP is excellent for maximizing assets and preparing them for transfer to beneficiaries upon your death, leaving a lasting legacy to your heirs that they will never forget. What if your grandkid’s kids remember your name.
The 3 Phases
How does a life insurance retirement plan stack up
Whether you’re in the accumulation, retirement, or estate maximization phase of life, the right mix of financial tools can help minimize your taxes and maximize your assets.
How do I get a LIRP
First, you need to determine if an LRIP is a suitable plan for you. So we’ve built a quick questionnaire to help. It’s a short 12 questions form that will help you decide if you are the right candidate.
Complete a short 12 questions quote form to help you decide if a LIRP is an appropriate plan for you.
Once you complete the form, we analyze it and build a plan to meet your desired outcome. Your answers to the questionnaire will help us design a tailored plan to achieve your desired goals.
The final step is to review your illustrations with one of our advisors. We will explain it and answer any questions. Once we have developed the perfect plan, the final step is to apply and complete the underwriting process.