Using Life Insurance for Retirement

Using Life Insurance for Retirement has few restrictions.  You can contribute any amount that you want during any calendar year.  You do not have to wait until you are 59 1/2 to access your money, nor do you have to start taking minimum distributions at age 70 1/2.  When you use life insurance for retirement, the distributions are tax free.  During the accumulation phase, you can access your funds for any purpose besides retirement income.  Any  financial icebergs that you may encounter during your life can be offset by access to quick cash and riders may be built into your policy to cover disability issues or long term care.  All of the programs are an actual part of the tax code and the companies that you place your funds with have been in business for over 100 years, or more and have a variety of ways to grow your funds.  Your life insurance account balance leaves a tax free legacy to your heirs with no probate issues.