One thing you can count on is that life is unpredictable. And as important as life insurance has been during the accumulation years, it can also be important as you move into retirement.

Supplemental retirement income¹
A permanent life insurance policy purchased and funded before retirement can offer income during retirement. By taking funds out of the policy, either through partial withdrawals or policy loans, the policy owner can create an income stream or simply make occasional withdrawals as funds are needed. Additionally, the death proceeds of a life insurance policy can be arranged to provide an income stream to a surviving spouse.
Living benefits
Most life insurance contracts are eligible to be used for “living benefits.” In the event of a qualifying terminal illness or nursing home stay, a percentage of the death benefit may be used while the insured is still alive. Life insurance can also replace the use of personal savings to pay for long-term care, or as a supplement to quality long-term care insurance.
Grandchildren and college funding¹
Life insurance can be earmarked for each grandchild to help pay for college or as a down payment on a first home. Another option is to purchase individual life insurance policies for your grandchildren, which could also help with college expenses and put them in a better position to get life insurance later on.
Charitable giving
Life insurance can fund a charitable gift. You can honor and support a cause or organization by using life insurance to leave a significant contribution. When structured properly, this strategy may also have tax advantages.²
Final expenses
You can have the peace of mind that comes from knowing final expenses and taxes are adequately funded. Life insurance pays a death benefit at the time it is needed most. Talk to your agent about ways life insurance can help you meet your needs and goals.  

_{¹Loans and withdrawals will decrease your death benefit and the cash value available to pay insurance costs. Surrenders may generate an income tax liability and may be subject to a surrender charge. A significant taxable event can occur if a ^{policy lapses with an outstanding loan. Loaned values may be credited at a lower rate than unloaned values.
2}Neither the company nor its agents give tax, accounting or legal advice. Consult your professional adviser in these areas.}