It May Be Time for a Financial Checkup It’s never a bad time to speak with your financial professional about changes in your situation. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Universal Life Insurance Universal life insurance is permanent insurance with a flexible premium. Here's how it works. Retirement Income and the Traditional Portfolio Experiencing negative returns early in retirement can potentially undermine the sustainability of your assets. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.