Quote:
Originally Posted by paulgtr
in a nutshell,
the IRS allows life insurance to be a tax shelter.
so mutual Insurance companies. those who are not traded on the stock exchange.
with strong enough financial ratings can design a life insurance contract that functions like a bank.
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You are also paying for life insurance that you may or may not need or want. While a cash value policy is a part of my portfolio, it was chosen very carefully as an adjunct to the whole investment plan. It is not the place to start a porfolio. I recommend you read this:
The Truth About Life Insurance - daveramsey.com