I am mildly allergic to mixing life insurance and investing. It is rarely the optimal option, yet gets sold as a solution to every scenario.
That said, there are some scenarios where it could make sense. One of those being if your goals are more focused around passing down significant assets to your heirs. Since death benefits paid out by…
I am mildly allergic to mixing life insurance and investing. It is rarely the optimal option, yet gets sold as a solution to every scenario.
That said, there are some scenarios where it could make sense. One of those being if your goals are more focused around passing down significant assets to your heirs. Since death benefits paid out by the policies are often tax-free (vs needing to pay estate taxes on amounts over the estate tax limit currently set at 12.92M per individual).
I am mildly allergic to mixing life insurance and investing. It is rarely the optimal option, yet gets sold as a solution to every scenario.
That said, there are some scenarios where it could make sense. One of those being if your goals are more focused around passing down significant assets to your heirs. Since death benefits paid out by the policies are often tax-free (vs needing to pay estate taxes on amounts over the estate tax limit currently set at 12.92M per individual).