Are you a 20 or 30 something making a good income, maximizing your 401k at work but have more disposable income to invest? Overfunding a cash accumulation life insurance policy could be the answer. Life insurance may not be as exciting on the surface as property, gold coins or the latest hot stock however, it can be as rewarding. It offers security for your family, cash that can be used in the future for any purpose including additional retirement funds, college funding, a mountain home, etc.
GROW YOUR NEST EGG
Similar to other investment accounts, compounding is the key. Contributing the maximum amount per IRS regulations, allows your nest egg to grow tax-deferred.
BE YOUR OWN BANK
Borrow the cash accumulation and pay yourself back.
BOOST THE DEATH BENEFIT
If you have not used the accumulated cash during your lifetime, your beneficiaries or heirs will receive the face amount of the life insurance plus the cash accumulation.
Cash withdrawn properly in the future can be tax-friendly. If this is not for you, it works brilliantly for your children as well. Maximize a cash accumulation life insurance policy for your children giving them a leg up on investing, compounding, and securing their own insurability.
Pamela D. Warrior
Regional Director, Life & Financial Services
Hi! I am Pamela Warrior, your Life Insurance and Financial Services Director at the Purcell Insurance Agency. I have spent over 15 years honing my skills to assist families with life insurance, retirement strategies, and general investments. I love working with all stages of life, from young families eager to start planning for their future to CEOs strategizing their career exit and retirement distribution. This work is incredibly important to me and I take your family's future to heart. To learn more, I invite you to click contact us or call my office number at 303.973.8341. I look forward to it.