Insurance Planning
“Retirement Insurance” Summary:
The Top (6) Retirement Risks
“Retirement Insurance” Summary:
The Top (6) Retirement Risks
Risk #1
Large Pre-tax Retirement accounts are a TAX LIABILITY to your Heirs
Risk #2
Large Pre-tax Retirement accounts are a TAX RISK during Retirement
Risk #3
Large Pre-tax Retirement accounts cannot be “Borrowed From”
Risk #4
“Inflation” Risks can prematurely DRAIN
Retirement accounts
Risk #5
“Longevity” Risks can prematurely DRAIN
Retirement accounts
Risk #6
Accidents and Illnesses can prematurely DRAIN Retirement accounts
Top Tax Brackets Since 1913
Benefit #1 Death Benefit
Available Death Benefit that may be paid to your loved ones tax free.
At Passing, your Heirs receive a “Tax Free” inheritance. The “Death Benefit” Component is also the key enabler to the preferential IRS Tax treatment. (IRS Code #7702)
Benefit #2 Cash Values
Buy a Boat or RV, or buy Investment Properties for children to inherit, or emergency
Policy "Cash Values" Grow "Tax Deferred"
Cash Values can be accessed anytime through "Policy Loans" or Withdrawals.
Risk Mitigation #1 Health Emergencies
You cannot plan for “Unexpected” health emergencies, but you can plan to protect against their Unexpected Costs
Examples of “QoL” Quality of Life Coverages where death benefit can be “Pulled Forward” to preserve other assets:
Long Term Care
Major Heart Attack
Coronary Artery Bypass
Stroke
Invasive Cancer
Major Organ Transplant
End Stage Renal Failure
Paralysis
Coma
Severe Burn
Etc...
Risk Mitigation #2 Outliving Your Money
Inflation, Taxation, Pharmacy costs, etc. are beyond your control, so plan to protect, just in case.
The “Two Tank” Retirement Savings Plan
If (or When) retirement savings are depleted, the Cash Value in the Policy can be "Activated" to create "Tax Efficient" annual income if needed
EFG Financial
1500 East Beltline Ave SE, Suite 205,Â
 Grand Rapids, MI 49506
Contact
Get In Touch
(800) 694-3175
info@eminencefinancial.com
