You are best advised to contact a local independent agent in the Trusted Choice network who can provide unbiased information
about cash value life insurance policies versus term life insurance policies.
If that same person had a properly structured
cash value life insurance policy with paid up additions, they could access their money at any time, without any penalty, AND without any taxes.
Now, if you have no discipline of saving and investing, and the only way you can do it
through cash value life insurance policy where you have «forced» savings component, then this type of policy might be OK for you (but then you would not be hear on the forum talking about investing).
Which is why it would be possible to have
several cash value life insurance policies building concurrently, providing your business with death benefit protection against the loss of key employees, all while building a private financing source with tax advantageous growth.
Which is why it would be possible to have several
cash value life insurance policies building concurrently, providing your business with death benefit protection against the loss of key employees, all while building a private financing source with tax advantageous growth.