In the past, single premium life insurance was a very popular tax-deferred savings vehicle. That has drastically changed as a result of tax law changes.
However, single premium life still may be useful as a tax-deferred accumulation vehicle with some death benefits. Contact your insurance agent about the tax law consequences of this policy and whether it meets your insurance needs.
The insurance industry is constantly changing in response to tax law revisions. New products will be created to reflect those revisions.
If you want to research all types of policies on the market, contact your insurance agent. This information only provides a brief summary of the most popular types of insurance policies available.
However, single premium life still may be useful as a tax-deferred accumulation vehicle with some death benefits. Contact your insurance agent about the tax law consequences of this policy and whether it meets your insurance needs.
The insurance industry is constantly changing in response to tax law revisions. New products will be created to reflect those revisions.
If you want to research all types of policies on the market, contact your insurance agent. This information only provides a brief summary of the most popular types of insurance policies available.
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