Insurance

Three Reasons Why Life Insurance is More Than Just a Death Benefit

by David Hodges on Aug 29, 2017

Insurance, Retirement, Tax Planning

Life insurance is universally recognized as an essential pillar of a financial plan for providing much needed capital in the event of a breadwinner. It is also fundamental to other planning needs, such as estate planning to pay for settlement costs and taxes, and business planning for business continuation or key person protection. However, considering the remarkable tax properties of permanent life insurance, it should also be considered as foundational planning tool for an entire financial plan. Here are three reasons why:

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