Tell us what matters today.
We talk about your family, your commitments and the goals you want to protect. We also discuss the questions that have kept you from making a decision.
Life insurance and retirement planningYOUR LIFE DESERVES
YOUR LIFE DESERVES
A FUTURE WELL PLANNED.
PARTNERS FOR LIFEProtection for your life.
Protection for your life.
Clarity for your decisions.
Life insurance, retirement planning and guidance in your language. Understand your options and make decisions with the people who matter most in mind.
Your story comes first. Your options, clearly explained.
Over 30 yearsof insurance experience
Spanish-speaking supportso you can decide with confidence
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PROTECTION WITH PURPOSEWhat matters to you changes.
What matters to you changes.
Your protection can change, too.
Starting a family, approaching retirement or reviewing a policy: every stage brings different questions. We help you put them in perspective.
PARTNERS FOR LIFE · ALWAYS CLOSEClose to you.
Close to you.
Part of your future.
A conversation in your language.
Support for every stage.
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HOW OUR SUPPORT BEGINSFrom your questions
From your questions
to your next step.
A clear process so you know what to expect from our first conversation.
Understand your options with us.
We explain coverage, costs and conditions in plain language, so you can compare and ask questions with confidence.
Work out what comes next.
We help you identify your next step based on your needs and the available options. With the information in front of you, the decision is yours.
How we support youAn honest conversation.
An honest conversation.
Personal support.
Before discussing a policy, we want to talk about you: the people who depend on you, your commitments and your hopes for the future. We explain your options at your pace, with support in Spanish, so you understand both the benefits and the conditions.
Free resourcesMore knowledge.
More knowledge.
Better questions.
Ideas for your futureYour real life.
Your real life.
Conversations that matter.
You do not need
all the answers.
Just a starting point. Tell us what concerns you, what you want to protect and what you hope to build.
Our servicesClear options.
Clear options.
Confident decisions.
Your situation, priorities and goals are our starting point.
Where should I start?
I want to protect my family financially
We can discuss your needs and explain your life insurance options. Coverage and availability depend on each policy and the insurer’s evaluation.
I want to prepare for retirement
We will review your goals and explain how annuities work, including their terms, costs and limitations.
I have a policy and need guidance
Tell us your questions so we can arrange a review with our team.
Partners for LifeA relationship that continues
A relationship that continues
after you choose your policy.
We are an independent insurance agency. We support you with information, resources and guidance.
By your side, step by step.
With over 30 years of insurance experience, we put conversation and understanding at the center of our work.
We serve California, Texas, Arizona and Nevada, with an office in Riverside, California.
Listen · Explain · Support
Explore your options at your own pace.
Learn with usFewer doubts.
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Articles organized around the topics that matter to you.
Free resource libraryYour future, explained
Your future, explained
in plain language.
Two guides to help you start understanding life insurance and annuities.
Free guide
Life insurance 101
A starting point to help you bring better questions to your next conversation.
Understand the essentials.
An introduction to the basics, the options and the questions you can discuss with your advisor.
We are here to listenLet’s talk about what
Let’s talk about what
matters most to you.
Leave your details or contact our team directly.
Call Partners for Life
(855) 436-6552
Visit us in Riverside
3359 Chicago Ave, Suite A
Riverside, CA 92507
Contact us to arrange your visit.
Spanish-speaking support
California · Texas · Arizona · Nevada · Florida · Georgia · Kentucky
And more states. Ask about availability in yours.
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Partners for Life AcademyA place to
A place to
keep learning.
Access your training content in a dedicated area, separate from client services.
Your training, all in one place.
Learn how to access the academy and ask our team about the available content.
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Life Insurance Retirement Plans (LIRPs)
What Is a Life Insurance Retirement Plan (LIRP)?
A life insurance retirement plan is a permanent life insurance policy that uses its cash value component to help fund retirement. LIRPs mirror the tax benefits of a Roth IRA, meaning you do not pay taxes on withdrawals after age 59½, and cash earnings grow tax-deferred. Any permanent life insurance policy with cash value, such as whole life insurance, can help fund retirement. Term life insurance has no cash value and cannot be used for a life insurance retirement plan.What Is a Life Insurance Policy's Cash Value?
A certain percentage of your cash value life insurance policy's premium payment goes into a savings component similar to a tax-deferred investment, known as the policy's cash value. The exact amount allocated to savings is determined by your individual policy, and the cash value account grows over time.
After you have held the cash value long enough, or after it accumulates to a certain amount, you can access the money by withdrawing it or borrowing against it. That money can be used to generate tax-free retirement income.
How Can You Use a LIRP to Fund Retirement?
LIRPs can supplement existing retirement savings accounts and fill gaps during a stock market downturn. If you maximize contributions to your traditional investment accounts, you can direct additional funds to cash value, creating another avenue for tax-deferred investment growth. In a down year for the stock market, it may be more beneficial to withdraw money from cash value with a fixed growth rate than from a retirement account that has declined in value.
Pay More Than Your Required Premium to Fund Cash Value
To accumulate enough cash value to supplement retirement,some policyholders choose to overfund their cash value life insurance policies by paying more than the required premium each month. The extra money goes toward the policy's cash value and grows tax-deferred. But this strategy works only if you do not need to make withdrawals before age 59½: an overfunded cash value policy that exceeds the annual premium limit established by the IRS becomes a modified endowment contract (MEC) and is subject to additional taxes and withdrawal penalties.
Using Cash Value to Supplement Retirement
Many financial experts recommend the “ 4% rule”: withdraw no more than 4% of your savings in each year of retirement. When you own a cash value life insurance policy, you have access to its cash value in addition to your retirement accounts.
Long-Term Care Support
Most life insurance policies, including cash value policies, offer the option of adding a long-term care rider. This rider provides an accelerated death benefit as you get older, if you need to pay for a nursing home or have other medical costs associated with aging.
Regardless of the type of life insurance policy you decide to buy, dedicated retirement accounts such as 401(k)s or IRAs should remain your primary way to fund retirement.