Quote:
Originally Posted by paulgtr
the IRS allows life insurance to be a tax shelter.
Are you looking for a tax shelter, or income?
the risk must be guaranteed to show a return.
If a return is guaranteed, the return is low.
.... available to the client as a loan ...
....you are essentially loaning from yourself
I'm not interested in borrowing my own money.
it's not liquid right away,
.... a permanently guaranteed winner.
Once again, it it's guaranteed, the return will be disappointing.
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Just one guy's opinion. I've played with the numbers, and in every case I've looked at, cash value life insurance was a poor choice.
YMMV.