A Life Insurance Retirement Plan (LIRP) is a financial strategy using the cash savings from a permanent life insurance policy during the retirement years. Unlike term life insurance, permanent life ...

If you don't know your LIRPs from your LARP, 360 Reviews is here to help and explain what a Life Insurance Retirement Plan is and whether one is right for you.

Consult with an insurance and a retirement plan expert before moving forward with this strategy. Correction—December 1, 2021: A previous version of this article referred to the 412(i) plan.

The Life Insurance Retirement Plan (LIRP) is a lesser-known yet powerful tool for retirement planning. In contrast to ...

There are many potential approaches to saving for retirement, and navigating your options may seem daunting. Life insurance retirement plans (LIRPs) may be one way to build capital to support you ...

A Life Insurance Retirement Plan (LIRP) is simple in theory. LIRPs are essentially over-funded policies, that is, amounts above the premiums required to keep the policy in force.

While some may view life insurance as a simple way to replace income or cover final expenses, there are many benefits to considering it as an important part of a broader retirement plan.

Two popular options are life insurance retirement plans (LIRPs) and indexed universal life (IUL) insurance. Both offer a blend of life insurance coverage with opportunities for cash value growth.

Life insurance can be in both defined contribution plans, such as 401(k) plans, and defined benefit plans, such as cash balance plans. While the life insurance is owned by the retirement plan, the ...

Although loans must eventually be repaid, this tax-deferral and flexibility can make life insurance a valuable addition to a diversified retirement portfolio. 2. Supplement to Social Security ...

A life insurance retirement plan offers the benefits of life insurance plus the security of retirement savings. An LIRP won’t fully replace your IRA or 401(k), but it can be used as a supplement ...