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Old 29th November 2007, 10:40 PM   #3
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Join Date: Nov 2007
Location: Long Island, NY
Posts: 89

While the death benefit certainly isn't to be underestimated as it can can help the surviving spouse remain in their house, pay for their children's college education, and help maintain lifestyles, etc., etc.

The living benefits of permanent life insurance should never be underestimated.

Where else can you have money grow on a tax deferred basis with the ability to withdraw or borrow the money completely tax-FREE? And, there are no penalties for withdrawing money before 59 1/2 as there are with qualified retirement plans.

I have showed many of my clients how to use cash value life insurance as supplemental retirement income; how to fund college educations (with the same benefits and more flexibility than 529 plans - and no adverse affect on obtaining financial aid), and so much more.

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