What is a LIRP? | Life Insurance Retirement Plan

LIRP is really Cash Value Life Insurance and utilizing Indexed Universal Life Insurance.

What LIRP Can do?
1. Tax-free growth (Tax Code Section 7702)
2. Indexed (downside protection)
3. Death Benefit + Long-term Care Benefit

The downside is Fees (1½ %)

If you're looking for tax-free growth this is a good tool and not touching the money right away, and you're looking at a death benefit that doubles as a long-term care benefit then maybe this is a tool that you might want to look at.

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Attorney and Financial Advisor Chris Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here [ Ссылка ] or give our office a call at 844-885-4200.

Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their offices in Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi.

Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy.

With the use of legal structures like revocable living trusts, Castle Trusts (asset protection trusts), Chris Berry and Castle Wealth Group can help your family plan, protect, and preserve what is important through their Retirement and Legacy Blueprint Process.

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