Statistics indicate that 45% of Americans have no retirement savings, the typical American has only saved $5,000, and the average couple in their late 50’s and early 60’s have less than $17,000 saved. How long will that last?

Many professional and successful business people are finding a way to create a real retirement through the use of tax-free income generated from indexed universal life insurance policies. Employers that possibly want less administrative costs and do not want limits on their contributions are turning to this method. Individuals can also participate without any employment affiliation. Also, many people are using this method to accumulate wealth and provide tax-free incomes for their children and grandchildren.

The Protection Plan vs. 401k & Simple IRAs

  1. Concept can be used instead of or in addition to a qualified plan.
  2. Employer can choose the percentage of matching contributions for each participant.
  3. No 3rd party administrator is required.
  4. Access to money before age 59 ½ without the 10% IRS penalty.
  5. Withdrawals do not require any administration from your company.
  6. Unlike a 401k & Simple IRAs, Unlimited after-tax contributions are available. (many employers like this just for themselves)
  7. Matching contributions are helpful but are not required by the employer.
  8. Cash values can’t reduce because of stock market losses.
  9. Provides Income tax-free income through variable loans.
  10. Over time, expenses may be less than a 401k.
  11. Gains are locked in annually; it resets annually & can’t lose money because the stock market declines.
  12. Provides an income-tax-free death benefit.
  13. May provide income-tax-free early withdrawals of much of the death benefit for Chronic Illness, Critical Illness & Terminal Illness.

Please watch the short video below.

http://www-196.aig.com/qollifetothemax/

For more information and or illustrations, email me albert@johnstonandassociatesllc.com or call my cell at: (228) 627-8258.