Don't pass up the tax avantages of life insurance.(Special Advertising Section)

Arkansas Business | October 4, 2004| | Copyright

Taxes are always a Problem for affluent Americans. Fortunately, taxpayers still have access to many tax-advantaged programs, including tax-deductible retirement plans such as IRAs and 401(k)s, tax free municipal bends, and tax-deferred investments such as annuities and tax-advantaged life insurance. Many investors may not be aware that certain life insurance policies can provide tax benefits.

Types of Insurance Policies

There are two basic types of life insurance: term and permanent. Policyholders of term insurance pay a premium in exchange for a specified ...

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