Your permanent life insurance policy's cash value grows tax deferred over time. (insuranceandestates.com)
Life insurance policies grow tax deferred, but in contrast to an annuity, the proceeds are payable income tax free to the named beneficiaries. (ohioinsureplan.com)
That's a great tax deduction that given year, then that money grows tax deferred until you pull the money out. (purefinancial.com)