Life Insurance Rule

Posted in Life Insurance Rules over 3 years ago, 1 reply

Would it be smart to just put money into a life insurance policy instead of a 401K or 403B?
The finance manager said it would be tax free. Please respond. thanks
Avatar_thumbnail
The tax free part is the death benefit, which you cannot access.

Whole life insurance is a great product, but unless you have zero tolerance for risk, and are willing to pour large amounts of money into the contract, I would advise sticking with your retirement plan.

Of course, I recommend having both, as they compliment one another perfectly.
Avatar_thumbnail

Write a Reply


Your Name

Your Location in The World

Example: Seattle, WA
Optional: You may login or register for email notifications and to add a profile pic.

Show HTML Controls

I have photo(s) to upload with this reply.

Please Confirm You are Human