High-Income Earners: Those who have maxed out contributions to 401(k) plans or IRAs and are looking for additional ways to save for retirement.
High-Net-Worth Individuals: Those with complex estates may find a LIRP valuable for managing estate taxes. The death benefits from a LIRP can help cover estate taxes, preserving more of your estate for your beneficiaries.
Parents of Special Needs Dependents: If you have a child or dependent requiring long-term care, a LIRP can provide essential funds through its death benefit and cash value, ensuring continued support for your loved ones after your passing.