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Max out retirement accounts: Generally, the benefits of using traditional investment vehicles like 401(k)s and IRAs will outweigh those of a permanent life insurance policy. If your annual ...
Consider this: if you deposit $1,000 into the account portion of a universal life policy offering a 5% annual interest, over 20 years, your initial investment could potentially increase to $2,653. ...
Discover how universal life insurance offers lifelong coverage, cash value growth and flexible premiums, plus the pros and cons of indexed policies.
Whole life policies: These policies offer fixed premiums, cash value with guaranteed growth, and a guaranteed death benefit. Universal life policies: Universal life policies offer more flexibility.
In an attempt to achieve the "best of both worlds" (protection in the case of early death, and additional tax-protected returns in the case of long life), life insurance policies were created containing investment accounts having preferential tax treatment. This is most often done with a Variable universal life policy. See that article for some ...
Figure out whether life insurance makes sense for you. Read What Are the Pros and Cons of Life Insurance? from Money Talks News.
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