This has the added advantage of allowing the policyholder to accumulate a substantial amount of tax - deferred
savings over the course of their policy.
Not exact matches
Australia needs,
over time, to lessen its dependence on foreign
savings and reduce its vulnerability to destabilising changes in market sentiment towards it (which,
of course, have implications for monetary
policy).
The one advantage with a fully underwritten
policy is that for those who are healthy the
savings can be substantial
over the
course of a 20 or 30 year term.
Permanent life insurance
policies last your entire life and include a
savings component called cash value that builds
over the
course of your life.