A. Yes, you can.
For many savers, their largest asset is their retirement account. Some life insurance policies allow you to rollover a portion of your retirement account, such as an IRA or 401(k), to an IRA deferred annuity. Then, from that IRA annuity a withdrawal is taken annually to fund the life insurance policy.
These annual withdrawals defer taxes and still meet your Required Minimum Distributions (RMDs). If your life insurance has living benefits riders, you also effectively have a long term care protection which many seniors likely will need.