Life Insurance Tax Shelter - Life Insurance To Shelter Investment Growth and Income

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:

    Peasants are a rude lot, and hard: life has hardened their hearts, but they are thick and awkward only in appearance; you have to know them. No one is more sensitive to what gives man the right to call himself a man: good-heartedness, bravery and virile brotherhood.
    Jacques Roumain (1907–1945)

    Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!
    S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)

    A “just war” is hospitable to every self-deception on the part of those waging it, none more than the certainty of virtue, under whose shelter every abomination can be committed with a clear conscience.
    Alexander Cockburn (b. 1941)

    There is something fascinating about science. One gets such wholesale returns of conjecture out of such a trifling investment of fact.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    Parents find many different ways to work their way through the assertiveness of their two-year-olds, but seeing that assertiveness as positive energy being directed toward growth as a competent individual may open up some new possibilities.
    Fred Rogers (20th century)

    You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.
    Henry David Thoreau (1817–1862)