INSURANCE SOLUTIONS
Triathlon Partners re-evaluates whole life insurance policies to ensure they remain aligned with your financial objectives.
Unfortunately, many initial sales pitches for permanent insurance focus on emotional appeals while neglecting details like high costs, fees, and limited investment options. Like any investment, permanent life insurance requires periodic reassessment to maintain its effectiveness. Over time, the financial commitments your policy was originally designed to fund may no longer be necessary. When this happens, the focus should shift toward accumulating cash value to generate future tax-exempt income. By right-sizing death benefits and leveraging tax-advantaged features, you can lower premiums while increasing cash flow. Ultimately, the right insurance strategy enhances financial flexibility and maximizes long-term benefits.
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Insurance solutions provide more than just a financial safety net for your family in the event of death.
While the tax free death benefit is a well-known advantage, life insurance also offers valuable living benefits. Annuities and Long Term Care insurance can ensure you don’t outlive your savings. Insurance and annuities are tax efficient investment vehicles that can play a significant role in your financial strategy.
Permanent Life Insurance:
Permanent life insurance is a versatile financial product.
Insurance solutions maximize your investment dollar with tax deferred growth, tax exempt income and a tax free death benefit. It is a valuable component of a retirement plan, with easily accessible cash value.
A properly structured permanent life insurance policy can perform like a ROTH IRA. The government can’t dictate who can own one or how much can be invested. The accumulated cash value can be borrowed unlike ROTH IRA which have a penalty for early withdrawal. Survivorship life insurance is the most efficient way to provide for special needs dependants and fund estates. Life insurance is integral to estate planning and charitable giving. It is an asset that is used by companies to retain key employees, provide pension like income to executives and fund buyouts in succession planning. It is also a clever way to obtain maximum long term care benefits.
Insurance solutions should be important part of your financial plan.
Annuities:
Annuities are integral part of a financial plan, as they offer tax-defered growth.
Like a 401k, this is an efficient way to invest for retirement. A successful retirement has strong predictable cash flow, with protection against inflation. A traditional annuity can provide lifetime income, ensuring you do not outlive your savings. The annuity product landscape is diverse, some are similiar to CDs, others offer participation in equity markets with different protection options against declining markets. The one thing all annuities have in common is tax-deferred growth. Contact us to learn more about traditional, registered indexed, fixed, multi-year guaranteed and deferred income annuities.
Long Term Care:
Long term care insurance is a difficult product landscape to navigate.
Triathlon Partners has the expertise to find a policy that meets your objectives. Many policies restrict where you recieve your care, who can provide it, and reimbursement rates. While others only require a plan of care by a qualified health professional to receive tax-free cash benefits. Premiums for long term care insurance may be tax-deductible, can be paid from a HSA, or transferred from the cash value of a permanent life insurance policy. Long term care benefits can be included in life insurance policies or annuities. Triathlon Partners knows how to maximize your premium dollar to get a policy that matches your long term care needs.
Providing the best Resources
Whole Life Insurance: The Devil is the Details
Whole life isn't the only permanent insurance option. The guarenteed death benefit comes with a lot of strings attached. High fees, mandatory premiums and lack of flexibility can make other products more appealing. It is never too late to re-evaluate and pivot into a product that better aligns with your goals.
Learn MoreSurvivorship Life Insurance: The Perfect Estate Planning Tool
Survivorship life insurance is one of the most efficient tools in estate planning, offering maximum coverage at a lower cost by insuring two lives and paying out at the second death. It provides essential liquidity for estate taxes and is also valuable in special needs planning, helping secure long-term care without affecting eligibility for government benefits.
Learn MoreLong Term Insurance Explained
Long term insurance is a unique product in the insurance world. It is the only insurance that you need a larger benefit as you get older. The older you get the more likely you will need long-term care assistance, and the cost of care only increases over time. It is a difficult product landscape to navigate.
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