How to Create Retirement Income with Whole Life Insurance

There is a specific way you typically have to go about distributing money if you want to maximize the tax benefits afforded by life insurance, this includes using a recovery of the cost basis and loans to keep distributions income tax free under current tax law. We walk through an "over the shoulder" example in this video with a whole life policy to show the accumulation of cash value and the income it could potentially produce someone well into their advanced age.