

This document discusses how permanent life insurance can be used as a retirement planning tool through a strategy called Supplemental Life Insurance for Retirement Planning (SLIRP). SLIRP uses the cash value in a permanent life insurance policy to supplement retirement income through tax-free withdrawals and policy loans. It provides death benefit protection for beneficiaries and a way to access funds for retirement without paying taxes on withdrawals up to the policy owner's cost basis. While not guaranteed, permanent life insurance cash values have the potential to grow tax-deferred and be a source of retirement income. The strategy relies on dividends and interest rates, which are subject to change by the insurer.

