Are LIRPs tax-free?

Are LIRPs tax-free?

A LIRP is a permanent life insurance plan that simulates many of the tax-free traits of the Roth IRA. A properly funded LIRP can provide large, tax-free, streams of income during the policyholder’s retirement years. There is no income limit to a LIRP — unlike a Roth IRA, there are no earned income limits. Dec 11, 2021