Tax-Free Income

An executive with an excellent income reached out to me earlier this year. He needs additional life insurance to protect his family but also concerned about having enough money for his retirement. He’s also worried about his ever-increasing income tax bill. He purchased an Index Universal Life policy and plans to pay the maximum premium for 20 years after which he will own a fully-paid life insurance policy and will be able to obtain tax-free income from the policy cash values.