In this episode, Matt discusses Chapter 5 of Ironclad Retirement and explains why he compares indexed universal life insurance (IUL) to a Swiss Army knife. Rather than addressing only one financial concern, a properly structured IUL can potentially serve several purposes, including providing a tax-free death benefit for beneficiaries, helping cover long-term care needs, and building cash value that can be accessed during retirement. Matt explains how this multi-tool approach can help retirees optimize their resources and address several potential needs with one strategy instead of relying on a separate financial product for every situation.