If you’re retired, life insurance has definite tax-free advantages. Did you know:
• Beneficiaries don’t pay taxes on life insurance benefits
• You can borrow against policies tax-free
Experts warn, however, that you use your policy for supplemental or emergency funding in retirement rather than a primary source of income. Read more…
Ask about life policies through your association & AMBA.
SOURCE: https://www.cnbc.com/2018/08/17/this-source-of-tax-free-cash-can-sweeten-or-ruin-your-retirement.html
