Leveraging Cash Value Life Insurance for Maximum Retirement Benefits: An Analysis by Scott and Mike

Leveraging Cash Value Life Insurance for Maximum Retirement Benefits: An Analysis by Scott and Mike

Scott and Mike discuss strategies for transitioning military service members to maximize their retirement income. They illustrate different scenarios comparing the traditional military pension plan with investing the same amount into a cash-value life insurance plan. The cash value plan offers several benefits including liquidity, a larger lump sum for the spouse, and the ability to access funds during the service member’s lifetime. Scott and Mike consider how quickly funding the cash value plan affects the growth and death benefits. They argue that a lump sum payment to the spouse from the cash value plan is likely more impactful than a portion of the pension income.

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