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Retirement Compass


Jul 27, 2022

Life insurance has obvious advantages when you are younger and need to protect a family in case of a tragedy. But in retirement, life insurance can have other advantages in the right plan.

Takeaways

  • It is the most tax efficient way to transfer wealth
  • Proceeds from a policy are tax free
  • Some policies can also be used to pay for long term care by allowing holders to use the death benefit for that purpose