The LIRP, also known as the life insurance retirement plan, offers many benefits. See https://www.insuranceandestates.com/lirp/
Depending on whether you choose whole life or universal life, the LIRP can provide much needed supplemental income in retirement. See https://www.insuranceandestates.com/whole-life-vs-universal-life/
In fact, the guarantees offered by whole life insurance make it an excellent vehicle for life insurance retirement plans. See https://www.insuranceandestates.com/whole-life-insurance-retirement/
In this discussion with the Financial Experts Network, estate planner and life insurance expert, Steve Gibbs, of insuranceandestates.com offers a few life insurance planning scenarios for a mainstream audience of financial professionals.