Many of us view life insurance as a way to protect families with death benefits. It is not just a savings or investment vehicle, but if needed, it can provide flexibility and access to a policy’s cash value, making it a valuable addition if properly utilized in a comprehensive retirement income plan.
Having an appropriate type with the correct amount of life insurance in your retirement will accomplish multiple things. It can help protect your income, provide tax-free cash flow, manage taxes, help your loved ones recover from any financial risks, and also improve the total returns in your portfolio.
In short, life insurance can provide more than just protection as it has the potential to provide protection and benefits throughout your retirement. years.