This article was co-authored by Brian Colvert, CFP® and by How.com.vn staff writer, Aly Rusciano. Brian Colvert is a Certified Financial Planner and the CEO of Bonfire Financial. With over 15 years of experience in finance, he specializes in helping others plan for a secure and confident financial leap into retirement. Brian holds a BA from San Diego State University.
There are 10 references cited in this article, which can be found at the bottom of the page.
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Planning for the future can be tough, but don’t worry. We’re here to help! When it comes to retirement planning, it’s always better to start saving sooner rather than later, but did you know that your life insurance policy can do more than help your loved ones when you’re gone? Life insurance can improve your investments and help fund your retirement with cash value. Keep reading to learn how you can use life insurance in your retirement planning.
Steps
Expert Q&A
References
- ↑ https://www.iii.org/article/what-are-different-types-permanent-life-insurance-policies
- ↑ https://www.finra.org/investors/learn-to-invest/types-investments/insurance
- ↑ https://retirement.theamericancollege.edu/sites/retirement/files/6_Ways_To_Use_Life_Insurance.pdf
- ↑ https://www.tiaa.org/public/offer/services/individual-advisory-services/life-insurance-retirement-plan-to-protect-your-legacy
- ↑ https://www.tiaa.org/public/learn/personal-finance-101/how-much-of-my-income-should-i-save-every-month
- ↑ https://www.tiaa.org/public/offer/services/individual-advisory-services/life-insurance-retirement-plan-to-protect-your-legacy
- ↑ https://www2.illinois.gov/sites/Insurance/Consumers/ConsumerInsurance/LifeAnnuities/Pages/buying-life-insurance.aspx
- ↑ https://www2.illinois.gov/sites/Insurance/Consumers/ConsumerInsurance/LifeAnnuities/Pages/buying-life-insurance.aspx
- ↑ https://retirement.theamericancollege.edu/sites/retirement/files/6_Ways_To_Use_Life_Insurance.pdf
- ↑ https://www.fairwinds.org/learn/articles/family-finances/life-events/how-much-should-i-have-in-my-emergency-fund.html
- ↑ https://retirement.theamericancollege.edu/sites/retirement/files/6_Ways_To_Use_Life_Insurance.pdf
- ↑ https://www.iii.org/article/if-i-cant-pay-my-premium-what-should-i-do
- ↑ https://www.nerdwallet.com/article/banking/savings/emergency-fund-why-it-matters
- ↑ https://economictimes.indiatimes.com/news/economy/finance/six-ways-to-create-multiple-sources-of-income/how-to-earn-passive-income/slideshow/70463670.cms
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