Can Whole Life Insurance Be Used For Retirement? 
A whole life insurance policy is a very flexible product . It is often used in retirement to provide income tax free funds for special needs or occasions . If a retiree no longer requires the amount of life insurance they have they can borrow the cash value down and spend it to meet their current needs . Many life insurance policies provide that a portion of the death benefit itself can be used to pay medical expenses in the final period of life . 