Is taking up life insurance a viable option after retirement?

What can IULs offer?

Indexed universal life insurance policies can be a permanent life insurance cover provided that you maintain regular payment on premiums and avoiding a lapse by staying within your withdrawal limit. In the event that you pass away while your coverage is still active under these terms, your beneficiaries will be eligible to receive a tax-free death benefit. Regular premium payments will increase the cash value of your policy, which could provide a tax-free source of funding.

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