Don’t Put Off Your Decision to Buy Life Insurance 2016 is an opportune year to buylife insurance. New laws affecting the taxation of life insurance come into effect on January 1, 2017. After this date new policies will not perform…
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Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs. Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017. These changes may make 2016 the best year to buy cash value life insurance.
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