Summerlin Benefits Consulting Q&AAnswer
Oct 18, 2024 - 09:29 AM
A Fixed Indexed Universal Life (FIUL) policy can help retirees manage tax-free income by allowing the cash value within the policy to grow tax-deferred. Retirees can access this cash through tax-free loans or withdrawals, avoiding income taxes on the gains. Additionally, FIUL policies offer death benefits that are generally tax-free to beneficiaries, making it a flexible option for both income and estate planning.
