Phillip Wasserman wanted to share some thoughts on Life Insurance.
“Life insurance allows you to guarantee tax free money or replace income to those you love. It can be used with annuities to generate more income and wealth (Income maximization), to offset huge IRA taxes, and to offset eventual estate taxes. These policies can be financed with no out of pocket costs.”
Some other things that Phillip R. mentioned are; ” Term insurance can be bought with return of premium riders, Indexed Universal life can be used for investment purposes, Whole life can pay for itself with minimum deposit or vanishing premium and Accelerated benefits are available for nursing home, terminal illness, or critical illness. “