A new retirement strategy — summer sales ideas 2014 Blog added by Steve Savant on July 14, 2014
Steve Savant

Steve Savant

Scottsdale , AZ

Joined: January 28, 2005

Private retirement plan (also referred to as "PRP"): A cash-rich life insurance policy that is used to accumulate funds prior to retirement from which loans and/or withdrawals are taken during retirement years. The following three features of the life insurance used in such plans are what make the results so unique:
    • Cash values accrue without income tax;
    • Cash values can be accessed without income tax using withdrawals to basis and/or loans;
    • Death benefits are paid to beneficiaries without income tax. (This applies to the full death benefit, including any cash value component whether loans exist or not.)
In this video blog, I team up with Insmark senior advisor Don Prehn to demonstrate this powerful tax advantaged idea for retirement.

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