What is tax planning with life insurance?
Premium financing can make getting the life insurance you thought you couldn’t afford easier. But premium financing may also have some unique tax benefits. Here is an overview of how life insurance can not only protect your loved ones after your passing but can be used for some very helpful tax planning strategies while you’re still around. The Prentiss Group can help you with your estate and tax planning but do the homework first. Read this article to get the big picture of the connection between tax planning and life insurance. Then, call the Prentiss Group. Life insurance can help you achieve various goals. Tax planning with life insurance involves minimizing the tax consequences of your life insurance decisions. Tax planning vehicles involving life insurance will vary, depending on the form of insurance coverage you select. In order to make informed insurance tax planning decisions, you must understand topics such as the tax-deferred buildup of cash value, the taxation of withdrawa
