what are the benefits of

Life Insurance

smiling grandparents with their granddaughter life insurance for retirement
Let's Learn about

Life Insurance For Retirement

Life insurance comes with a number of benefits besides just leaving money behind for your beneficiaries. In fact, life insurance for retirement may be a viable source of income for you while you are still alive. It may make for a good alternative way of earning a reasonable rate of return** on part of your retirement nest egg. Based on your specific situation, of course.

Indexed Universal Life Insurance For Retirement

An indexed universal life (IUL) insurance policy may be able to play an important part in your retirement strategy. One of the biggest benefits offered by an IUL is tax-free* income. Remember, an IUL is an insurance product, which means different tax rules apply to it than more traditional options like retirement plan accounts. Furthermore, you may be able to move some of the money in your retirement account, such as an IRA or 401(k), directly into an IUL policy. This comes with quite a few benefits, but obviously depends on your circumstances. Get in contact with us, so we can discuss your retirement strategy with you.


Here are the major benefits of choosing an IUL as part of your retirement strategy. For you, during your retirement:

  • Market loss will not reduce your IUL’s cash value
  • You will have the ability to lock in the interest you accumulate
  • Tax-free* growth in cash value, and tax-free* access to both principal and interest
  • You may fund your policy all at once, or over time (although an IUL is typically max-funded)
  • No fines or fees for accessing funds before reaching age 59½

And here are the benefits that will apply to your beneficiaries after you pass away:

  • The death benefit is also tax-free*
  • Beneficiaries receive payments directly, avoiding probate court
  • The benefit could be received in one lump sum, or in a series of payments
  • Additionally, the benefit could potentially increase with time
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