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Life Income Retirement Plans

About Life Income Plans

Your whole or universal life insurance policy* has a cash component to it that typically grows over time. A Life Insurance Retirement Plan (LIRP) or Life Income Plan (LIP), allows you to access your life insurance policy's cash value to supplement your retirement income. 

With LIRPs you can withdraw at age 59½ years old and payouts are tax-deferred. However, your policy's death benefit will mot likely be reduced by the amount of cash you withdraw.  

*Term life insurance does not have a cash value. 

Life Income Plans for Business Professionals

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