Liquidating distribution accounts receivable


Before you retire, you can purchase inexpensive term life insurance to take care of your loved ones in the event of your untimely death.

A 30 year level premium term life insurance policy with a

Before you retire, you can purchase inexpensive term life insurance to take care of your loved ones in the event of your untimely death.A 30 year level premium term life insurance policy with a $1 Million face value bought on a healthy 30 year old runs $680 per year.There are more than 400,000 insurance agents in this country, and almost all of them would love to sell you a whole life insurance policy.

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Before you retire, you can purchase inexpensive term life insurance to take care of your loved ones in the event of your untimely death.

A 30 year level premium term life insurance policy with a $1 Million face value bought on a healthy 30 year old runs $680 per year.

There are more than 400,000 insurance agents in this country, and almost all of them would love to sell you a whole life insurance policy.

Million face value bought on a healthy 30 year old runs 0 per year.

There are more than 400,000 insurance agents in this country, and almost all of them would love to sell you a whole life insurance policy.

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That cash value grows in a tax-protected manner, and you can even borrow the money in there tax-free (but not interest-free.) Upon your death, whatever you borrowed (plus the interest) is taken out of the death benefit, and the rest is paid to your beneficiary.

(You get the cash value or the death benefit, not both.) This investment aspect allows those who sell this product to find all kinds of creative reasons you should buy it and creative ways to structure it.

A whole life insurance policy, like other types of permanent life insurance, is really a hybrid of insurance and investment.

The policy accumulates cash value as the years go by.

A similar whole life policy will cost more than 10 times as much, $8-10,000 per year.