How Can Life Insurance Help Manage Taxes in Retirement?
Taxes in retirement can impact your cash flow and lifestyle. They can be challenging to prepare for because the future of tax policy is always unknown.
The good news is that life insurance can help add stability and flexibility to your retirement strategy. In addition to providing a needed and valuable death benefit, life insurance can help you manage taxes while potentially creating a tax-free source of retirement income. This can help you diversify not just your assets but also your tax strategy.
Gain Control of Taxes During Retirement
Life insurance can help you gain more control of your taxes in retirement through its income tax-free death benefit, potential for tax-free cash value growth, and ability to tap into the cash value, also tax-free.
A variable universal life insurance policy is designed to provide a death benefit and offer the potential to grow cash value.