September is Life Insurance Awareness Month (LIAM), and we’re providing resources and conversation starters each week that you can share with your clients. We hope you’ll find that they fit into conversations year-round, but especially during LIAM. This week: Tax Benefits.
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Whole life insurance can provide you with multiple benefits, far beyond the death benefit. One of the incentives is the ability to receive tax-deferred payments. The accumulated cash value in a whole life policy grows tax-deferred1. You purchase whole life insurance to financially protect your family in the event of your death. However, its cash value Grows and accumulates during your lifetime. This gives you two different ways of using the whole life policy: as a living asset with tax-advantaged distributions2 — and as a vehicle that provides an income tax free and potentially estate tax free death benefit.
View this video to understand the tax benefits of a whole life insurance policy and contact us today to discuss further!
