Is there an insurance product I can use to put away money for retirement?
A flexible-premium life insurance policy may be a good savings alternative, especially if
you also need life insurance. If the funds you put into the policy are within certain
Internal Revenue Service limits, you can access this money free of income tax with a
combination of withdrawals and policy loans at your retirement. The interest earned by the
policy will accumulate on a tax-deferred basis similar to an IRA. In addition, it will
provide life insurance protection for your beneficiaries.