*Proceeds from an insurance policy are generally income-tax-free, and if properly structured, may also be free from estate tax. Income-tax-free distributions are achieved by withdrawing to the cost basis (premiums paid), then using policy loans. Loans and withdrawals may generate an income tax liability, reduce available cash value, and reduce the death benefit, or cause the policy to lapse. This assumes the policy qualifies as life insurance and is not a modified endowment contract. The Host and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction. This content is not intended to serve as the basis for any investment or purchasing decisions, nor does it recommend or involve the purchase, holding, or sale of a security. All figures herein are hypothetical and for illustrative purposes only to explain general concepts. No figure is to be relied upon as being accurate nor a guarantee or projection and is meant only as a partial overview of some relevant features and benefits of general insurance products that may be in the marketplace, and whose availability will be dependent on the State of residence of the consumer, and their individual suitability for the product they are wanting to purchase. Where insurance products are mentioned, any and all guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
IMPORTANT CONSUMER INFORMATION
Investment advisory services are offered through Gibbs Wealth Management, LLC (DBA Rose Financial Management, LLC), an SEC registered investment adviser. Insurance products and services are offered through Rose Financial Associates. Gibbs Wealth Management, LLC (DBA Rose Financial Management, LLC) and Rose Financial Associates, are unaffiliated companies. Outgoing and incoming emails are electronically archived and are subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through email. We cannot ensure the security of information emailed over the internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee responsible for the delivery of this message to the intended recipient, you are hereby notified that any dissemination, distributing or copying of the communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer.
By contacting Laura Pesek IL Ins Lic#1744146, PA Ins Lic#1095274, DBA Rose Financial Associates, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.
