Retirement Read Time: 3 min A Meal for All Generations Related Content Mutual Funds vs. ETFs Exchange-traded funds have some things in common with mutual funds, but there are differences, too. A Look at Whole Life Insurance Whole life insurance remains in force as long as you remain current with premiums. Here's how it works. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.