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Benefits of Insurance
Minimize Taxes in Retirement.
Mitigate the Effects of Market Volatility
Mitigate the Effects of Market Volatility
In conjunction with the death benefit, retirement planning is commonly the biggest objective for those with Better Banking Policies. The tax-free advantages are simple- according to Section 7702 of the Internal Revenue Code, the only types of income currently subject to income tax are earned, portfolio, or passive income. Money borrowe
In conjunction with the death benefit, retirement planning is commonly the biggest objective for those with Better Banking Policies. The tax-free advantages are simple- according to Section 7702 of the Internal Revenue Code, the only types of income currently subject to income tax are earned, portfolio, or passive income. Money borrowed from the policy is income tax-free.
By using post taxed dollars, your money placed into a policy can grow tax-deferred, and you can access it tax-free and transfer it income tax-free to your heirs.
Mitigate the Effects of Market Volatility
Mitigate the Effects of Market Volatility
Mitigate the Effects of Market Volatility
Cash value is not subject to market volatility and is protected from market risk. Products have a 0% floor during down markets. Which means you won't lose a dime of your money due to the cyclical nature of the market and economy.
Monies are held in an insurance company portfolio. The insurance industry is highly regulated to protect polic
Cash value is not subject to market volatility and is protected from market risk. Products have a 0% floor during down markets. Which means you won't lose a dime of your money due to the cyclical nature of the market and economy.
Monies are held in an insurance company portfolio. The insurance industry is highly regulated to protect policyholders. We have a very stringent selection process and only work with a distinct group of A.M. Best Rated A+ insurance carriers.
Living Benefits to Protect Your Income
Mitigate the Effects of Market Volatility
Living Benefits to Protect Your Income
While we all have different financial obligations a Better Banking Policy covers you for life’s what if’s…..What if you live too long? What if you die too soon? What if you get sick along the way?
Living benefit riders can be included at no additional cost: Critical Illness, Chronic Illness, Terminal Illness, and Critical Injury and they
While we all have different financial obligations a Better Banking Policy covers you for life’s what if’s…..What if you live too long? What if you die too soon? What if you get sick along the way?
Living benefit riders can be included at no additional cost: Critical Illness, Chronic Illness, Terminal Illness, and Critical Injury and they allow you the ability to access a portion of your death benefit when simple requirements are met.
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Frequently Asked Questions
Please contact us if you cannot find an answer to your question.
When the market goes up, your policy can accumulate cash value based on interest rate changes in an external index of your choice and your chosen crediting methods. With a 0% floor, your policy is guaranteed to never lose due to a downturn in the market. (Policy fees and expenses may reduce cash value)
By the downsizing of a primary or a secondary real estate asset, and setting aside the after-sale proceeds into a IUL Policy is a popular strategy that may yield more money for retirement. Selling investment property can also bring large dividends. With younger clients, we often recommend acquiring a 30-year mortgage, and then paying the difference in payment between a 15-year mortgage and a 30-year mortgage into a IUL Policy for liquidity and cash value accumulation.
Once your after-tax money is inside your IUL Policy (Better Banking Policy), your money can grow tax-deferred, you can access it tax-free, and you can transfer it income tax free to your heirs upon your passing. The best way to access money from the cash value is through tax-free loans (loans are specifically designed to comply with IRS guidelines for tax free access). As long as the policy remains in force, no tax will be owed on these loans. Over loan protection riders are available to keep policies from lapsing due to loans.
Too many Americans fail to comprehend that at retirement, they will likely find themselves in a tax bracket that’s as high as or higher than during their working years. Many will have lost deductions such as mortgage, dependent, business write-offs, and IRA/401(k) contributions. Since the money you access from your policy via a loan is tax-free, The IUL Policy can help balance out your retirement planning and minimize your tax liability during retirement.
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About Us
- Build with Integrity - Lead with Transparency - Transform with Intention
Carrie R Prado, President & CEO
Ms. Carrie Prado remains committed to providing exemplary service and an abundance of resources to entrepreneurs and individual clients across the United States. She brings a wealth of knowledge and experience from her extensive communications training, financial planning, and insurance background.
Mission
Serving as an essential vehicle to educate and empower high potential families and individuals to achieve their dreams at the highest level of excellence by providing purpose driven coaching, real estate and financial services.
Vision
Building, executing, and expanding a purpose driven harmonious lifestyle that penetrates communities traditionally unreachable; breaking generational curses within disenfranchised communities globally.
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FinQuest
Hours
Monday - Friday: 9am - 6pm
Saturday: Closed
Sunday: Closed
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