Withdrawals - The rules for receiving retirement plan income vary by employer. IRAs Available to everyone for after-tax contributions and rollovers. All Roth IRA contributions are in after-tax dollars. Contributions are unlimited. For specific policies in your client's state, consult the Web Center's life insurance section.
Age restrictions differ by policy.
Substantial premium discounts are available for larger coverage amounts. Withdrawals - Term policies provide pure insurance protection and make no provision for cash values that can be withdrawn. Permanent insurance offers your clients liquidity in the form of cash values, which can be used for collateral as a loan or withdrawn by surrendering the policy. In many states any resident age 18 through 84 can apply through TIAA-CREF Life Insurance Company, a wholly owned subsidiary of Teachers Insurance and Annuity Association. For your client's state, consult the Web Center's long-term care insurance section.