When planning for retirement, most people focus on the big stuff — Social Security, 401(k)s, pensions and IRAs. But there’s another powerful tool flying under the radar: whole life insurance. While its primary use is as a death benefit, whole life insurance can also play a strategic role in enhancing financial security during retirement.
Let’s explore how it works, why it’s unique and how retirees and near-retirees can use it to their advantage.
