"Now we have a budget to invest in our kids' college funds and our retirement through Financial Rescue's partnered Life Insurance."
Chona L. - 2023 graduate
A brighter future awaits for her family
Investing in the future after paying off your debts is a smart financial move. Being debt-free provides you with more financial flexibility and allows you to redirect your money towards building wealth and securing your financial future.
Life insurance can be used as a component of an investment strategy, but it's essential to understand that life insurance and traditional investment vehicles serve different purposes and come with distinct features. Here are some common ways life insurance can be used as an investment:
- Cash Value Accumulation: Certain types of life insurance, such as whole life insurance and indexed universal life (IUL), build cash value over time. A portion of the premiums you pay goes into a savings component, which accumulates on a tax-deferred basis. This cash value can grow steadily over the years and can be accessed through policy loans or withdrawals, which may be tax-free up to the amount of premiums paid.
- Tax Advantages: The cash value growth within a life insurance policy is typically tax-deferred, meaning you won't owe income taxes on the gains as long as they remain inside the policy. Additionally, the death benefit paid to beneficiaries is generally tax-free.
- Estate Planning: Life insurance can be a useful tool in estate planning to provide liquidity for paying estate taxes or leaving a legacy for your loved ones. The death benefit can help ensure that your beneficiaries receive a financial payout even if other assets are illiquid or tied up in estate settlement.
- Retirement Supplement: In some cases, life insurance with cash value can be used as a source of retirement income. Policyholders can take policy loans against the cash value or partially surrender the policy to access funds during retirement.
Financial Rescue LLC (FRLLC) is a marketing service provider for Debt Resolution companies and law firms. Settlement estimates are examples of past performance is no guarantee of future results. Savings are based upon the amount of debt owed at the time of the settlement and exclude fees from services rendered. Individual results may vary based. FRLLC does not assume any debt, make monthly payments to creditors or provide tax, bankruptcy, or legal advice. Debt reduction services may have an adverse effect on your credit report.
Financial Rescue is a referral service that aims to assist individuals in finding suitable insurance products, including life insurance and annuities. We act as a connecting platform to link you with licensed insurance agents who can provide further information and guidance regarding these products. Financial Rescue is not an insurance provider or an insurance agency. We do not sell insurance policies directly. Our role is limited to referring individuals seeking insurance products to licensed insurance agents. The information provided by Financial Rescue is for general informational purposes only and should not be considered as insurance advice. Please remember that insurance products vary, and the suitability of a policy may depend on individual circumstances. We strongly advise seeking personalized advice from a licensed insurance agent or financial advisor to ensure that the insurance products you choose align with your specific needs and financial goals.
Some programs and services may not be available in all 50 U.S. States.
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The International Association of Professional Debt Arbitrators (IAPDA) is North America’s leading training and certification provider for debt negotiation and credit counseling. In business since 2000, IAPDA has become the training gold standard for consumer debt relief professionals. Members trained and certified by the IAPDA signify that you are working with someone who strives for excellence, has excellent product knowledge, and strives to protect you, the consumer.
Financial Rescue is a marketing service provider for debt consolidation and other debt solutions.
We have helped tens of thousands of clients, transforming lives through our IAPDA (International Association of Professional Debt Arbitrators) certified Debt Consultants and reliable Account Management Representatives.
99 S Almaden Blvd #600, San Jose, CA 95113
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