A Lifetime Benefits Plan is an Indexed Universal Life policy that combines savings, growth, and protection in one account. It offers tax advantages, guaranteed growth, and access to cash for major expenses like education or retirement, with the flexibility to adjust contributions annually based on your income.
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We all need a financial security plan, one that enables us to save, grow, and protect our money while providing for life's financial obligations like home improvements, college educations, or a daughter's wedding, as well as our retirement. We need a plan that will make the most out of every dollar we save with a combination of tax benefits, compound interest, guaranteed growth, cash access, and income protection. But we need a plan that is flexible too. One that can be modified year by year to adjust for changes in our income and expenses. A plan that allows us to simply and consistently set aside a percentage of our monthly income and know that we've got it all covered, right? Well, now there is such a plan. It's a new type of life insurance known as a Lifetime Benefits Plan because it is contractually guaranteed to save, grow and protect our money while allowing us to use that money in the most efficient way possible.