Cash value life insurance (whole life, universal life, IUL) combines a death benefit with a savings component that grows tax-deferred over time. You can borrow against the cash value, use it to supplement retirement income, or let it grow as a conservative asset within your overall plan.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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