Build a flexible retirement strategy

In retirement, your income needs to stay steady — even when the market isn’t. A buffer asset provides income that isn’t tied to market performance, helping you avoid selling investments at a loss. See how this strategy works.

How a buffer asset can keep your retirement income steady

Selling equity investments to generate income during a down market can drain your savings. In this video, discover how Whole Life cash value can be accessed to give your portfolio time to recover—showing how protection and investments can work together to build a stronger retirement plan.

Whole Life Insurance as a buffer asset

Lasting protection

Whole Life Insurance provides death benefit to beneficiaries. And even as your life insurance needs change, the policy continues to offer value — helping support your financial goals well into retirement.

Flexibility

After the policy has matured and your protection needs have changed, you can access your policy's cash value quickly and flexibly when you need it. It can serve as a supplemental income source or a buffer asset to help you stay on track. ¹

Tax advantages

You can typically take tax-free loans from your policy's cash value, giving you added flexibility and efficiency when managing your retirement income. ²

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1. Accessing the cash value will reduce the death benefit and the cash surrender value.

2. Certain tax advantages are no longer applicable to a life insurance policy if too much money is put into the policy during its first seven years, or during the seven-year period after a “material change” to the policy. If the cumulative premiums at any time exceed the limits imposed under the Internal Revenue Code, the policy becomes a “Modified Endowment Contract” or MEC. An MEC is still a life insurance policy, and death benefits continue to be tax free, but anytime you take a withdrawal from an MEC (including a policy loan), the withdrawal is treated as taxable income to the extent there is gain in the policy. In addition, if you are under 59½, a penalty tax of 10% could be assessed on those amounts and upon surrender of the policy. Policy loans accrue interest.