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Corporate Benefits

The Physician's Life
Income Plan®

You deserve a retirement befitting your level of success

Building a successful medical practice takes a significant investment of time and money, often at the expense of your own retirement planning. Your financial independence should reflect the standard of care you've provided others. But without an asset location strategy seeking to enhance opportunities for tax-advantaged assets, you may be facing a significant future income gap. That gap could mean less freedom and security for your family at retirement.

The Physician's Life Income Plan® utilizes a tax-deferred life insurance policy designed to mitigate the potential income gap left by traditional benefit plans, helping you to retire on a significant percentage of your final income.

Physicians Life Income Plan

The Physician’s Life Income Plan® was created specifically for physicians and medical professionals, just like you, seeking a retirement lifestyle befitting their level of success.

Focusing on cash-value accumulation of variable universal life insurance (VUL) first and foremost, The Physician’s Life Income Plan® surpasses the limitations of traditional plans, putting your income replacement goals within reach.

Key features of the plan

  • Accumulation-focused design
  • High early cash surrender values and access 1
  • Tax-advantaged access and distribution 2
  • Death benefit protection
  • No direct surrender charges
  • Creditor protected (in many states)

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Start planning for your financial independence with The Physician's Life Income Plan®.

1 The Physician's 'Life Income Plan® — PLIP® uses cash value corporate-owned variable universal life insurance that tends to offer significant cash values in the early policy years because of its general lack of surrender charges and, because in the event of a full policy surrender within a certain number of years, some policy charges may be refunded. These policies often include a minimum guideline death benefit and are structured to minimize death benefit expense, yet retain the integrity of life insurance and the tax deferral benefits.

2 Assuming policy loans after withdrawals of the policyowner’s basis under a policy that is not a modified endowment contract (MEC). Loans and withdrawals reduce the policy’s cash value and death benefit, and withdrawals in excess of the policy’s basis are taxable. Under current rules, loans are free of income tax as long as the policy remains in effect until the insured’s death, at which time the loan will be satisfied from income tax-free death benefit proceeds. If the policy is surrendered, lapsed or treated as a MEC, any loan balance will generally be viewed as distributed and may be taxable to the extent of any gain in the policy.