Editor’s note: This is part two of a two-part series about indexed universal life insurance and how it can be used in retirement planning. Part one was What Is Indexed Universal Life Insurance and How Does It Work?
When it comes to retirement planning, most people think of traditional retirement savings vehicles like 401(k) plans, IRAs and Social Security benefits. Many times, we gloss over life insurance products, as they may not be an obvious solution for retirement income planning or tax minimization planning since they are designed primarily for the death benefit they offer.
