Why You Should Include Life Insurance in Qualified Plan Designs

Setting up a qualified plan for your business owner clients can provide them with a tremendous advantage when it comes to retirement savings, employee retention and tax efficiency. But did you know that life insurance can be utilized within many qualified plans and can be an integral part of meeting the client’s needs?

Adding life insurance into a qualified plan provides business owners and their employees with a rare but highly desirable opportunity. By offering life insurance in the plan, participants can utilize pre-tax contributions for policy premiums making the acquisition of insurance more tax efficient, rather than relying on after tax dollars to purchase coverage outside of the plan.

For more on this topic –

Watch this video interview with Scott Levin, CFP, AIF, Worthington Financial Partners in which he describes this great opportunity.

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