Life Insurance To Be Given to Embryos Under New Bill

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Life insurance can give you supplemental income in retirement. Westend61/Getty Images
The decision to purchase life insurance is often a simple one when you have loved ones who depend on your income. After all, it’s important to ensure that your family has what it needs financially after you die.
But while life insurance may seem like something you buy primarily for the protection of others, that’s not the only reason to purchase coverage. For example, your life insurance could also benefit you while you’re alive. And, in some cases, your life insurance policy could even evolve into a source of retirement income.
Find out how affordable a life insurance policy can be now.
How life insurance can evolve into retirement income
Here are a few ways your life insurance could benefit you as a source of retirement income:
The right life insurance policy can build cash value