Retirement Problem Solved

Dr. George’s agent performed a policy review with him and uncovered the fact that he would have a retirement shortfall because a current life insurance policy wasn’t performing suitably. Like many people today, George knows he must build a retirement pool of his own because traditional retirement vehicles are not substantial enough to maintain his current lifestyle.

Life Insurance in Retirement Planning (LIRP) can provide George with access to the potential policy cash value via tax-free loans and withdrawals to supplement his other sources of retirement income. If George dies before retirement, the life insurance tax-free death benefit provides cash to his family to compensate for the loss.

Retirement Solution

Male, age 67, Approved Standard Nonsmoker due to medical history 

The Policy:

• $1,770,000 initial death benefit, he is the owner and his wife is the beneficiary
• Indexed Universal Life Policy*
• $900,000 single premium via 1035 Exchange from existing life insurance policy

First Year Target Premium: $91,000

*MVP Financial used proprietary software to compare multiple products and carriers to determine which policy could provide the highest amount of cash flow.