Summerlin Benefits Consulting Q&AAnswer
Oct 18, 2024 - 09:41 AM
Life insurance can provide long-term care benefits during retirement through policies like Fixed Indexed Universal Life (FIUL). These policies offer death benefits along with access to cash value for long-term care needs. FIUL policies also allow for tax-free retirement income and protect your money from market losses, offering a secure financial strategy. You can withdraw funds for care expenses without triggering tax penalties, making it a dual-purpose tool for both retirement planning and healthcare coverage.
