Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Consider Keeping Your Life Insurance When You Retire Reasons to retain your coverage into your retirement years. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.