Definition of Annuity = a contract with an insurance company.

They're also referred to as “Personal Pension Plans”

There are 2 Main Types: “Walk Away” and "Lifetime Income".

1. Averages 4-7% Rate of Return 
2. Locks in the Gains 
3. Death Benefit
4. Tax-Deferred Growth 
5. Principal Protection 
6. No Penalties for Rolling Money Over
7. Guaranteed Income for Life
8. No Management Fees 
9. Avoids Probate
10. Potential Bonus 3-5% 

Note -

There is a fee when adding a living benefit rider to the contract, which is an underlying guarantee on future retirement income

Also, exact rates depend on company and current rates .

These are a special type of loan available on Indexed Universal Life insurance policies that essesntailly enables you to access your funds tax-free.  This is 1 of only 3 truly tax-free retirement income strategies that exist in the US.

A permanent Life Insurance policy with Cash Value that grows tax-deferred. However, structured correctly, withdrawals are tax-free. Death Benefit is tax-free. 

Commonly used for:

Life Insurance

Retirement Planning

College Planning

Business Planning

1. Permanent Life Insurance
2. Tax Free Death Benefit
3. Tax-Deferred Growth
4. Compounded Interest
5. Tax Free Cash Value Withdrawals
6. Upside growth potential
7. Downside Protection- Can Never Lose Money!
8. Locks in your Gains (“The Annual Reset Provision”)
9. No minimum age or income requirement
10. No mandatory distribution (No 59 ½ or 70 ½ Rule)
11. Access at any age
12. Protection from lawsuits, creditors, judgments, tax liens, bankruptcies 
13. Riders available: Long Term Care, Terminal Illness
14. Does not create taxation of Social Security Benefits
15. Avoids Probate

401k distributions are subject to penalties and taxes if you access the money  before 59 ½. Also, after 59 ½ you will still have to pay state and federal income taxes, which  could be substantial. The LIRS option is a tax-free alternative for future retirement income.

LTC is a variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods.

Long-term care can be provided at home, in the community, in assisted living facilities or in nursing homes.

LTC is expensive and the cost continues to grow over time. 

By 2036, assuming just a 3% annual inflation rate of increase, the cost of home health care, at 40 hours per week, will have an estimated cost of over $80k per year; over $78k for Assisted Living, and over $166k for a nursing home.

If you need care, where will this money come from?

FACT: 70% of Americans age 65 and older will need LTC.