What are the Pros and Cons of a Life Insurance Retirement Plan (LIRP) ? 


Pros  Cons 
Nearly unlimited saving*  Potentially fewer investment options 
Tax-deferred build-up of cash value  Savings potential limited by cost of death benefit 
Tax-free income distributions when properly designed  Taxable withdrawals if not properly structured 
No minimum age requirements to access cash value  May require ongoing contributions  
Tax-free death benefit for beneficiaries   Contributions are not tax deductible 


*With minimum death benefit maintained