Tax Advantages? Bah!
The most basic reason for buying life insurance is that it serves as a tool for protecting the financial security of your family. However, pitches that portray life insurance as a souped-up tax-advantaged investment and retirement account should be taken with more than just a pinch of salt. CNN.com reports:
Using insurance policies, and particularly variable universal life policies, primarily as tax-sheltered investments can get quite complicated and involve risks that many people don’t understand. And these policies usually come laden with fees that make them quite expensive ways to invest.
Read more: Thinking twice about variable universal life
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August 29th, 2006 at 10:44 am
” These policies usually come laden with fees that make them quite expensive ways to invest.”
Very interesting information. This shows that people should not only listen to attractive promotional messages of insurance agencies but also tthey should read daily more about business and get besic and general ideas about life insurance.
August 31st, 2006 at 10:34 am
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