Here is a quote from the article. “The math is simple: as long as assets are held in a PPLI policy, they escape taxes much to the horror of wealth redistributionists like Elizabeth Warren. When the holder of a PPLI policy dies, heirs inherit the PPLI’s contents tax-free, a perk which strikes at the heart of Biden’s plans to get the very wealthy to pay more taxes on their investments, especially on capital gains that currently aren’t levied if assets are held until death.”
Do you want to advantage of a massive loophole in the tax law? Cash value life insurance is the number one benefit in the entire tax code. This benefit is entirely legal, easy to exploit and politically very hard to close. It is the greatest time ever to buy cash value life insurance.