Summerlin Benefits Consulting Q&AAnswer
Oct 18, 2024 - 09:46 AM
Life insurance plays a crucial role in ensuring financial stability for your loved ones after retirement. It provides protection through death benefits and can also offer living benefits like tax-free retirement income and long-term care coverage. Certain policies, such as Fixed Indexed Universal Life (FIUL), help retirees access market returns without risking their principal, offering tax-free income while alive and safeguarding assets for beneficiaries. This combination helps cover potential tax impacts and provides a financial cushion for both retirement and afterlife planning.
