6. Leverage to Create More Long-term Wealth
Life insurance creates more long-term wealth than any other investment. And because this wealth is income tax-free, it is much more valuable than tax-deferred retirement savings that are at the mercy of future higher tax rates.
It’s the leverage that creates the wealth. Life insurance is the only investment where one dollar can do the work of many and the result is guaranteed and tax-free!
Taking the same funds that were in an IRA and investing them (after-the tax was paid on the IRA distribution) in a permanent life insurance policy, would produce many multiples of that original IRA balance if you have an early death, and it would be tax-free.
In Summary
We have discussed six major benefits of a permanent life insurance, if you want to better understand the power and security of an investment in permanent life insurance, for life and beyond, please contact us.