Invest, Grow, Insure

What is an Investment Grade Insurance Contract (IGIC™)?

 

What if I showed you a way you could invest your money tax free, draw on your earnings during your lifetime without a tax penalty, and leave a death benefit for your heirs at the end of your life? People at the top of the economic ladder have been doing just that, and you can too.

 

Investment Grade Insurance Contracts are a type of permanent life insurance that give you added benefits above and beyond either term or traditional permanent life insurance, and further, grant benefits unavailable from your standard 401K or IRA.

 

In any investment strategy there are three phases:

Accumulation, distribution and transfer.

Accumulation

Accumulation

During your career, you earn and save money in various ways. For example, your employer might provide a 401k with match up to a certain percentage. You can add money to an IRA, but both of these channels for saving are capped. If you want to save more, you might put it into stocks, bonds, futures, or into a diversified fund. All of these channels bear the risks of the market. When the market tanks, so do your investments.

Distribution

Distribution

Traditional retirement accounts begin disbursements at age 59 ½. In fact, there is a mandatory payout that starts at age 72, pushing your money into taxable status. Most of these channels require you to pay the state and federal government on anything you withdraw in the form of capital gains from personal investments and income tax from your retirement account. If you withdraw early, you’ll pay penalties of 10% plus you’ll be taxed on the money as revenue.

Transfer

Transfer

When you die, funds in your retirement will be passed on to your heirs, but unfortunately for them, the money will be included in your taxable estate. Your heirs’ sense of closure will be an average of 12.5% less* than it could have been, had you made a different choice on how to use your money.  

What makes an IGIC shine?

What makes an IGIC shine?

While few know about it, there is another choice. While your money in a traditional retirement account is locked behind a tax and penalty wall up to the age of 59 ½, in an IGIC, it is not.

Distribution

Distribution

You can draw on the balance at any time, for any use. The amount you draw is up to you, to your accumulated cash value, including principal, interest and dividends. Keep the money in as long as you like – no penalties and no required draw at any time during your life. You can even draw a low interest loan against your balance, which can continue to accrue at a higher rate than the interest on your loan!

Many people draw these low interest loans to fund their retirement, managing the loan balance against the growing total of the IGIC account.

Transfer

Transfer

When you pass on your wealth to your heirs, an IGIC outperforms just about any other financial instrument in the market. First, any retirement loan is paid off by the IGIC, then the rest of the money, so long as it is below $11.7 million  (per regulation in early 2021), the rest of your money will be passed on entirely tax free to your designated heirs.

Start today

Call and speak with an expert to begin the process of establishing your IGIC account immediately.

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