The right plan does two jobs at once: it protects the people who depend on you, and it builds tax-advantaged income you can't outlive — through LIRPs and fixed index annuities.
Tax-advantaged retirement income
A LIRP uses a properly structured permanent life insurance policy as a retirement vehicle. Your cash value grows tax-advantaged, you can access it as tax-free income later, and your family keeps a death benefit the whole time.
Guaranteed lifetime income
A fixed index annuity ties your growth to a market index, so you participate when it rises — but a guaranteed floor means a down year doesn't take your principal with it, and you can turn it into income that lasts for life.
Foundation
Before anything else, your income needs protecting. Term and permanent life insurance coverage make sure that if something happens to you, your family's plan doesn't fall apart.