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One of the big secrets of life insurance is that it is actually an incredibly powerful, highly customizable tool. Now, that is good and bad. Good, because if you have a team that will have the patience and work with you to tailor it to exactly what your needs are, it can be a very powerful tool. On the other hand, it takes a little bit more work to do just that, to customize it.

Use cases for life insurance

But life insurance fundamentally can be helpful for a number of use cases. One can be saving for college. Another can be using permanent life insurance as a vehicle to grow your wealth in a tax-deferred or potentially tax-free method. And so they can be a very useful tool for generating lifelong cash flow, and making sure that you have another source of cash flow in addition to other assets you may have.

So it also can be a very tax-efficient way to help make sure that you have an additional source of cash flow when you are in what we call the job-optional phase of life. Our job is to work with you to figure out a tax-smart cash flow plan to support your post-job life that you want to design.