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Adele Roberts

Business Insurance

Insurance strategies for business owners have the potential to help with other goals, not just in the event of death.  Permanent life insurance can be used to provide a death benefit for its owners and employees, but also has the potential to be used as a additional source of retirement income.  I have experience in working with all sizes of businesses. 

The use of cash value life insurance to provide a tax-free resource for retirement assumes that there is first a need for the death benefit protection.  Policy loans and withdrawals reduce the policy's cash value and death benefit and may result in a taxable event.  Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender.  Surrender charges may reduce the policy's cash value in early years.

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