A life insurance policy can also help supplement retirement income, which can be especially useful if the benefits of your spouse or partner will actually be reduced after your death. (myfinancialwisdom.com)
So, if a policy's cash value has accrued substantially, it could be a good source for paying off higher interest debt and for supplementing retirement income in the future. (burialinsuranceplans.org)
The tax deferred growth of the cash value can help in supplementing retirement income in the future. (lifeinsurancebyjeff.com)