Strengthen your retirement portfolio

Meet Lisa. She's close to retirement and feels good about her savings and financial plan. She's looking for a smart way to increase her savings and decrease her tax burden, so she can do even more in retirement.

Her life insurance solution

As Lisa evaluates the right life insurance for her to provide the protection they need plus the growth opportunity they want, here's how she decided a permanent policy with potential for cash value growth was a good fit for her retirement portfolio:

  • Since I've maxed out my company's retirement plan, life insurance adds more opportunities to potentially grow my retirement portfolio with tax advantages not available with traditional plans.
  • I like knowing that I can access the cash value of my policy, without penalty and without income taxes, whenever I need it.1
  • The income from this account won't count against me when I qualify for Medicare or Social Security.
  • My policy gives me the opportunity to chose investments to help grow cash value. For now, I'm focused on growth, but as I grow older and my priorities shift, I may take a more balanced approach.

Investing for the future like Lisa?

The best solution will complement your other investments and help achieve your overarching goals, so you'll want to start the conversation by looking at your portfolio. Here are some questions to discuss with your financial professional:
 

  1. Am I doing everything I can to maximize the savings and investment opportunities in my retirement plan? Have I maxed out all my other savings vehicles?
  2. Do I have the right level of protection that allows me to adjust for emergencies, illness and unplanned expenses?
  3. How would adding an additional tax-advantaged investment shore up my retirement plan?
     

Adding life insurance to your financial plan can serve double duty, protecting your family's lifestyle and providing income potential for retirement or in the event of illness or major expense. Many new polices offer tax-deferred growth and tax-free withdrawals1.

What type is right for me?

The best option is the one that helps you meet your goals.

Compare your options

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Take charge of your legacy

Build a tax-efficient estate plan with life insurance.

See our client guide

Get the most out of your life insurance policy

Life insurance is a powerful tool you can add to your retirement plan.

See the possibilities impact of life insurance in retirement

1 Distributions are taken through loans and withdrawals which reduce a policy’s cash surrender value and death benefit and may cause the policy to lapse. Loans are not considered income and are tax free. Withdrawals and surrenders are tax-free up to the cost basis, provided the policy is not a modified endowment contract (MEC). A MEC policy is one in which the life insurance limits exceed certain high levels of premium, or the cumulative premium payments exceed certain amounts specified under the Internal Revenue Code. For policies that are MECs, distributions during the life of the insured, including loans, are first treated as taxable to the extent of income in the contract, and an additional 10% federal income tax may apply for withdrawals made prior to age 59½.

Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide estate, tax, accounting, or legal advice. Please consult an independent professional as to any tax, accounting, or legal statements made herein.

It is possible coverage will expire when either no premiums are paid following the initial premium, or subsequent premiums are insufficient to continue coverage.