LIFE INSURANCE

Tax-Free Income Options

In addition to providing lifetime income options, our practice also offers tax-free income choices for retirees as well. Certain life insurance policies, such as Indexed Universal Life insurance (IUL) may provide a way to take income during retirement, tax-free. Because an IUL is not an investment, it is not subject to the same rules as traditional retirement account options. For example, IUL’s do not have a maximum contribution limit like traditional 401(k)s or IRA(s) do. And since your money is held by the insurance company, your cash value is generally more protected.* You can also tie your rate of return to an index. Unlike investing directly in an index fund, you are less likely to lose money when the market declines. This way, no matter what the market does, an IUL can help protect your money.

Sometimes we’ll use an IUL as another savings account. Since the income can be taken out at any time, tax-free, an IUL can be useful for additional expenses. Or, you may choose to take income from it so that the rest of your retirement remains intact. Everyone has a unique situation, of course, so be sure to talk with us to find out if an IUL could be right for you.

*Insurance products are backed by the financial strength and claims paying ability of the insurance carrier.

Is This True For You?

You believe taxes will be at a higher rate when you retire.
You should prepare now for a possible tax increase later.
You believe you should have a way to counter-balance higher taxes during retirement.
You do not have a current strategy for tax-free* money in retirement.
You feel it is better to pay at least some taxes on money now versus paying taxes later at a higher rate.

If you believe any of these to be true, we should talk about ways to secure your retirement now.

Tax-Free Income Strategies

Our overall goal is safety and long-term security of your wealth. If you’d like to learn more about how indexed universal life insurance works, or how it may help you, reach out. We offer educational seminars to help you learn more available strategies. NO products will be sold at the event and there is no obligation to make a follow-up appointment. In addition, we’re here to answer your questions and guide you to your goals.

Let us help you secure your retirement!

Looking for more information? Click here to contact us today.

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CONTACT INFO

30 E Clay Street, Suite 101,

Salem, VA 24153

Phone: 540-377-0583

OFFICE HOURS

Monday: 8:30 AM to 4:30 PM

Tuesday: 8:30 AM to 4:30 PM

Wednesday: 8:30 AM to 4:30 PM

Thursday: 8:30 AM to 4:30 PM

Friday: 8:30 AM to 12:30 PM

Saturday-Sunday: Closed

Blackwell Financial and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

IMPORTANT CONSUMER INFORMATION
This site is for informational purposes only and is not intended to be a solicitation for or offering of any product or investment. The offer for sale of an insurance product may only be conducted in a state where the agent is licensed and the product is approved for sale. The providing of investment advice relating to securities may only be done by a properly licensed individual operating through a licensed affiliate entity, unless otherwise exempt. Comments about past performance are not to be construed as a guarantee or assurance of future performance. This website may contain concepts that have legal, accounting and tax implications. We do not provide specific legal or tax advice, nor promote, market or recommend any tax plan or arrangement. Consult a tax/legal professional for guidance with your individual situation. No representations are made as to the accuracy or completeness of the information contained herein or any information contained in any link provided herein, nor does a consumer visiting the web site create an agent-client relationship.

By contacting Blackwell Financial, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.

By contacting Lisa D Blackwell VA Ins Lic #883770/Blackwell Financial, Inc. VA Ins Lic #153975, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.