(PRWEB) July 14, 2014
Clients can avoid paying expensive estate taxes if they have a whole life insurance policy. A life insurance plan can provide important financial opportunities. A policy features a savings account that builds non-taxable cash value.
The death benefit guaranteed under a whole life insurance policy cannot be taxed. A common strategy is to liquidate asset and invest it in a whole life insurance plan that provides a large death benefit. Some policies can have a face value of $1 million or $2 million.
Whole life insurance is not a simple policy as the terms and conditions can be many and difficult to understand. It is always recommended to read about this type of coverage before purchasing a plan. The newly released blog post provides important information that can help people buy the right policy.
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