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PERMANENT LIFE INSURANCE: LIVING BENEFITS AND TAX-ADVANTAGE FEATURES
What’s the one gripe most high-income earners have? Ahem…TAXES! What is the one gripe “everyone” has about insurance premiums… that if it were never needed it would have been paid in vain. As the saying goes, “Price is only an issue in the absence of value.” When you NEED it that’s really not the best time to realize the value.
Allow us to uncover some facts about permanent life insurance. Barring the obvious benefit of not outliving your insurance coverage, there are living benefits and tax- advantages. Permanent life insurance has tax-advantaged features that most are not aware of.
As you can see, if you are able to afford a permanent policy without effecting other financial obligations, if may be much more beneficial to have a permanent policy vs a term policy. There are many other factors to consider when deciding on a life policy as well as other associated risks depending on the type you select.
If you want to discuss this topic further reach out to your Financial Planner or schedule time with one of ours. BOOK TIME HERE