are deduced from date of birth, physical fitness and the amount you want to leave to your family. Then, the policy’s returns can possibly mean that you are free from having to pay any more. You are then able to cash in on your savings without losing money on any income tax in view of the fact that it is treated as a repayment of the loan you made earlier. Moreover, the money left in the policy still accumulates tax free and can be withdrawn as a tax-free loan down the line. The cash does not have to be returned until after you die. It and any accrued interest is to be recovered from the death benefit, which passes to your family without the burden of income tax. The tactic can differ based on how long you prefer to expend and the final phase is that you decide on: either highest income or optimum death benefit. Still, it is a distinctive system to generate regular income during retirement age and provide your family with a special legacy.

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