nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
it's also a great tool in retirement because of of all its tax benefits because the income taken out on LI policy loan can't be reported as income.. so it won't affect your taxable income for Social security .. Munis would
Of course you are funding the whole life policy with after tax dollars. I just don't see the need for these expensive and constrictive policies for most people if they have access to 401k, 403b, ROTHs etc. and even if they are maxing out those tax advantaged savings a taxable investment account is far more flexible ....and IMHO sensible and less risky.....than borrowing from a life insurance policy.