Building a Life Insurance Portfolio

We believe an insurance portfolio is as important as an investment portfolio. We advocate not merely layering insurance polices over time, but implementing a systematic program that marries a strategy between your needs and achieving your financial independence.

Some questions to consider when you think about life insurance:

  • How long will you need the coverage?
  • How much coverage is appropriate?
  • What is the insurance to accomplish?
  • What types of coverage (term or permanent) are right for you?
  • Can you use the built up cash values for retirement and other goals?

We are committed to maximizing the power of your premium dollars. Our clients' portfolios will often include a blend of term insurance to cover specific short-term needs and permanent contracts such as Universal Life, Variable Life and Whole Life for longer-term goals and wealth accumulation.

Life insurance can be used for risk management as well as building wealth - an additional asset in your investment portfolio.

How? Cash value contracts enjoy several tax and other benefits:

  • Cash values grow tax deferred
  • Tax beneficial withdrawals of cash values
  • Income tax-free transfers to heirs
  • Estate tax-free transfers to heirs when utilizing an irrevocable trust
  • No mandatory withdrawal at 70 ½ like retirement plans
  • No 10% penalty for "early" withdrawals like retirement plans

To view an illustration of a Universal Life policy in PDF format (195KB), click here. Requires Acrobat Reader to view. If you do not have Adobe Acrobat Reader, please click the icon below.

For an explanation of the different types of insurance coverage that are available, please click here.

 

At Lang Financial, our hallmark is to answer your questions, help you explore your options and assist you in making the right decision.
Click here to contact us.

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Securities products offered through registered representatives of Walnut Street Securities Inc. (WSS), Member FINRA & SIPC. Securities activities are supervised from a WSS branch office at 4225 Malsbary Road, Suite 100, Cincinnati, OH 45242, (513) 699-2946. Lang Financial Group/Chicago is not a controlled affiliate or subsidiary of WSS.

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