Life insurance has evolved over the years from a vehicle used to solely provide liquidity and income when a loved one or business partner passes, to one capable of offering so much more. What many view as a one-trick pony proves the adage wrong that old dogs can indeed learn new tricks. Today’s life insurance policies have the ability to:

· Grow savings on a tax-deferred basis: Unlike a traditional savings account, Interest earned through a life insurance policy's investment account is not subject to an annual tax bill.

· Provide tax free retirement income when properly structured: A policy owner can access their accumulated funds at any time. In contrast to a 401k or IRA, there is no limit on the annual contributions made to a life insurance policy, and policy owners are not required to attain a minimum age before accessing their funds.

· Fund a child or grandchild’s college education: Unlike a 529 plan, the funds accumulated in a life insurance policy can be used for any life expense as determined by the policy owner.