Since most retirement assets generate a tax bill, taxes can undermine any retirement plans clients may have. But for your affluent clients, this issue will be even worse. And with potential changes in the tax code looming now (and almost every year), no one can predict what a client will face when they actually retire. Fortunately, in addition to a typically tax-free death benefit for loved ones, life insurance can also help by providing supplemental income that is usually federal income tax-free. It can be a valuable tool for reducing clients’ tax bills and taking more control of their taxes in retirement.
The resources below provide you with an actionable approach to discuss with your clients.