Can Life Insurance Be Used In An IRA?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   You can not use any form of life insurance in an qualified IRA.You can use life insurance in other qualified retirement plans like 401(k). Participating whole life insurance can be up to 49.5% of the annual contribution and universal life can be up to 25% of the annual contribution.

   Answered on August 9, 2013

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