Summerlin Benefits Consulting Q&AAnswer
Jan 03, 2025 - 09:55 AM
Life insurance can provide tax-free retirement income through products like Fixed Indexed Universal Life Insurance (FIUL). With an FIUL policy, the cash value accumulated within the policy can be accessed without incurring taxes, allowing policyholders to withdraw or take loans against the cash value for retirement income. This provides a way to create a source of income that is not taxable, helping retirees manage their finances more efficiently. Since the policy is structured in a way that the cash value grows based on a stock market index, while protecting the principal, it allows policyholders to benefit from market growth without the risk of losing money during market downturns.
