Insurance Can Be Taxable
Universal Life insurance can be difficult to understand.
There are many elements to this product, and you, the really need to understand exactly what you are buying. Adverse conditions, whether it be low interest rates or a falling stock market, can result in some mighty headaches.
And for a really major problem with universal life, read this article "Insurance can be taxable". Do you really want to go head to head with the government which has unlimited money and lawyers?
Ask yourself how much this universal life policy cost him in taxes and lawyers? Why didn't he buy a simple term life to age 100 and invest separately? All good questions I think.
There are many elements to this product, and you, the really need to understand exactly what you are buying. Adverse conditions, whether it be low interest rates or a falling stock market, can result in some mighty headaches.
And for a really major problem with universal life, read this article "Insurance can be taxable". Do you really want to go head to head with the government which has unlimited money and lawyers?
Ask yourself how much this universal life policy cost him in taxes and lawyers? Why didn't he buy a simple term life to age 100 and invest separately? All good questions I think.
posted by Ivon T. Hughes at 12:01 PM
1 comments
