David H. Kinder, RFC®, ChFC, CLU
F.A.Q. #13 - Using Life Insurance as a Permission Slip to Spend Down Other Assets
Life insurance policies have long been heralded as “the great financial Swiss Army knife” in financial planning (by those who know how to use them). The danger lies in getting ONE policy to do too many things. For example, there is a concept called “The Retirement Spend Down”. Most retirees don’t want to spend down their principal balances in accounts and end up living a “just in case” retirement. “Just in case” interest rates rise, the stock market crashes, or even for wh