Life Insurance To Shelter Investment Growth and Income
In an attempt to achieve the "best of both worlds" (protection in the case of early death, and additional tax-protected returns in the case of long life), life insurance policies were created containing investment accounts having preferential tax treatment. This is most often done with a Variable universal life policy. See that article for some discussion of the tax issues.
Read more about this topic: Life Insurance Tax Shelter
Famous quotes containing the words life, insurance, shelter, investment, growth and/or income:
“Journalism is popular, but it is popular mainly as fiction. Life is one world, and life seen in the newspapers another.”
—Gilbert Keith Chesterton (1874–1936)
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—P.J. (Patrick Jake)
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—Alexander Cockburn (b. 1941)
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
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—Ralph Waldo Emerson (1803–1882)
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—Ralph Waldo Emerson (1803–1882)