Employers and employees alike are interested in supplementing their retirement income. Doing so on a tax advantaged basis is always a plus. While life insurance is usually thought of as an estate planning tool primarily used to provide tax-free death benefits to an insured’s beneficiaries, it can also be used to provide a significant ‘‘Living Benefit’’ to the insured during the insured’s lifetime whether the insured is the owner, a key employee of a business, or a highly compensated executive.