How Do You Use Whole Life Insurance In Retirement? 
Certainly , there are a few ways to use a good whole life policy in retirement . The most common is to `` borrow '' a monthly payment from your cash value . The loan will be at a very low interest rate . But , because it is a loan it is free of income tax . Second by using the loan provision you keep your death benefit intact for your loved ones . I suggest sitting down with your agent and running the different options before deciding on how to proceed . 