The Last remaining True Tax Shelter
Coopers and Lybrand, a major accounting firm, describe life insurance as the last true tax shelter. Aside from the standard use for life insurance, providing cash at death to meet financial obligations, Deposits in excess of those need to pay the cost of insurance, can result in an accumultaion of cahs value. This cash value can attract investment gains on a tax sheltered basis, allowing the whole amount, insurance face amount, deposits and investment gains to be paid out tax free at death.
This use is applicabe in many situations when doing tax planning. It is not appropriate for every person, nor should it be assumed that everyone should use it.
Selecting Products and Providers
No company will be the best at every product line. Differences appear in clauses used in contracts and methods of paying invetment returns. Companies do not all use the same intererest rate payout in the same market environment. We can help by providing competitive information.
All companies do not percieve health reports in the same fashion and variations may occur in their willingness to accept a clients.
In larger cases we may apply to more than one carrier at the same time to insure that clients receive the best possible offer. In all cases we are happy to provide reasons for the company and product selection that we are making.
