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Life Insurance

Is an IUL the right fit for you? We’ll explain the benefits IULs have for you and your beneficiaries. An IUL is one way retirees can leave a legacy behind.

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JB Retirement Strategies > 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.

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 in-tact. 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.

Could a Tax Free Retirement Help You?

With several choices available, you’ll want to learn more about your options before deciding if an IUL is a fit for your retirement plan. To help you understand why some people use an IUL in retirement, here are some reasons for considering it:

  • No contribution maximums
  • Earnings are not immediately taxed
  • Creates another way to access your money, tax-free*
  • Money in your IUL is not at risk in the market
  • Beneficiaries can avoid probate
  • Easy way to access additional money
  • And more...
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For Your Beneficiaries

If you’re hoping to leave some of your wealth behind, an IUL could be worth considering. Because it is an insurance product with a death benefit, your beneficiaries can receive their money without probate. In addition, the death benefit is not taxable to your beneficiaries either. An IUL is one way retirees can leave a legacy for their loved ones.
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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. 

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We’re open for business despite this virus because no one should have financial concerns on top of health concerns.
You can’t quarantine your retirement. We are here to help.

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317 NE 36th Avenue, Suite 1 | Ocala, FL 34470

941 West Morse Blvd Suite 100 | Winter Park, FL 32789

Gainesville Executive Center
309 N E 1st Street | Gainesville, FL 32601

The Villages – Freedom Plaza – Cline Professional Suites
4076 E SR 44 | Wildwood, FL 34785

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*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host 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 Jerry Blackburn FL Ins Lic #A022830, Blackburn Enterprises Of Ocala Inc DBA Jerry Blackburn Retirement Strategies FL Ins Lic# L092235, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.
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