LIRP: Tax-Free Retirement Income Through Life Insurance A Life Insurance Retirement Plan (LIRP) allows you to create tax-free retirement income through an overfunded life insurance policy Use this calculator to see how a LIRP might work for your situation compared to traditional 401k or IRA accounts
Life Insurance Retirement Plan (LIRP) - Fidelity Life A life insurance retirement plan (LIRP) is a permanent retirement life insurance policy supercharged with extra premium payments, usually either whole life or universal life This causes the retirement planning insurance policy’s cash value (the amount of money that builds up inside the policy over time) to grow faster than it usually would
What Is a Life Insurance Retirement Plan (LIRP)? - SmartAsset A life insurance retirement plan (LIRP) is a permanent life insurance policy that you over-fund over the lifetime of the policy This builds value in what is known as the plan’s cash account You can access this money by taking out loans against the account’s balance
What Is a Life Insurance Retirement Plan (LIRP)? - The Balance A LIRP is a retirement plan that uses the cash value of permanent life insurance policies to hold retirement assets In this article, we review how a LIRP works, and we explore some of the pros and cons of a retirement strategy that relies on life insurance
LIRPs Explained: A Guide to Life Insurance Retirement Plans Understanding Life Insurance Retirement Plans: What is a LIRP? A Life Insurance Retirement Plan (LIRP) is a strategy that utilizes permanent life insurance policies, such as whole life or universal life, as a means to accumulate cash value over time