Is Life Insurance A Retirement Plan? 
Life Insurance an insurance policy that can be a tax advantaged retirement plan if it is designed to maximize income and the policy owner is committed to keeping the policy in force for the life of the insured . There are four cash value accumulating life insurance policies to choose from based on your risk tolerance assessment : participating whole life , current assumption universal life , indexed universal life and variable universal life . One key design item is purchasing the lowest death benefit option that complies with TAMRA , a regulation that governs the contribution of premiums in relationship to the death benefit . 