What Is A Lirp Life Insurance Retirement Plan? 
A LIRP is a marketing acronym for life insurance retirement plan . A LIRP is a non-qualified retirement option that can add real value to your retirement planning strategy . But the insured must be healthy and young enough to contain the cost of life insurance designed at issue and maintained throughout the life of the insured . The strategic withdrawals to basis and policy loans of gain have the potential to generate tax free income as long as the policy is kept in force for the life of the insured . 