Can Life Insurance Be Used For Retirement?

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   Larry GilmorePRO

   Agent Owner, Gilmore Insurance Services, Marysville, Washington State

   Can life insurance be used for retirement? Absolutely! Life insurance, especially cash value life can be part of a combination of retirement options. It's not an all or none item but a part of a balanced plan. The ability to get to cash values when needed without tax consquences or early distribution penalties allows the individual to maybe save another piece of the retirement pie for a better time. What cash value life does in retirement is simply give you more options that you can use to take advantage of the best timing for yourself.

   Answered on May 7, 2013

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