Retirement Income PlanningRetirement income planning has traditionally centered on investment accounts that are tax sheltered. Without life insurance coverage, your household could battle to pay bills, manage education expenses, or even purchase everyday necessities. Further, the insurance coverage company invests some section of the premiums and produces a family savings or cash value that gradually accrues, and is tax deferred. There are two basic kinds of life insurance your agent will most likely consult with you, term and whole.
Annual renewable term, called