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My field is group health but do sell a few life policies every year but I always sell term.
Life insurance as investment vehicles
How does this work with interest rates being so low?
I understand some people will borrow against their cash value and not have to pay taxes. Is there really an advantage doing that? There are surrender fees?
If we compare the fees to their tax rate how much are they actually saving.
Cost of insurance down the road? What I am seeing in policies is that the cost of insurance is eating up all the cash value after 20 years.
So I really don't understand how Life insurance can be sold as an investment vehicle.
Someone school me on this.
Life insurance as investment vehicles
How does this work with interest rates being so low?
I understand some people will borrow against their cash value and not have to pay taxes. Is there really an advantage doing that? There are surrender fees?
If we compare the fees to their tax rate how much are they actually saving.
Cost of insurance down the road? What I am seeing in policies is that the cost of insurance is eating up all the cash value after 20 years.
So I really don't understand how Life insurance can be sold as an investment vehicle.
Someone school me on this.