Single Premium Indexed Life Insurance:
Based on a LIMRA study, It is estimated that 70% of annuity assets are ultimately paid to beneficiaries. That's alot of income tax payable in the future. To address this issue, let us consider the single premium indexed life insurance (SPXL). The SPXL accumulates indexed interest, guarantees a benefit at death, permits contract value access by 10% withdrawal, has a low interest loan option, an income settlement option, and can usually be obtained without the steps normally required for life insurance. The difference with the single premium indexed life insurance is that when full contract value is paid upon death, there are no income taxes due. The SPXL are usually funded with lump sums from CD's, savings accounts, or other cash accumulations.
Partical Lump Sum Options:
This is available to teachers and employees of non-profit organizations. Specifically teachers can, upon retirement, roll up to three years of their TRS funds into other safe options. The Equity Indexed Annuity, and the Single Premium Deferred Annuity are both safe secure options with which to build liquidity in your estate.