Is Life Insurance Good For Retirement?

  1. 4249 POINTS
    Gary Lane
    President, Lane Independent Agency, Southern California
    With the right company, and whole life building up value, you can actually take money out of your life insurance to support or supplement you during your retirement years. This is tax free, unlike many other programs, and still provides with you some death benefit, depending on the face value and amount of retirement funds you desire. Gary Lane, Registered Representative, New York Life, 949 797 2424. Call me. Thank you.
    Answered on December 19, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, life insurance can be a very good resource during retirement. Indexed Universal Life is one product that can be funded to provide supplemental income with favorable tax treatment during retirement. Life insurance owned by retired persons can also be used for final expense needs, estate taxes, or passing an inheritance to children or grandchildren.
    Answered on December 27, 2013
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