Permanent Life Insurance
Here’s a common misconception about life insurance: once you deposit the money, you can’t access it unless something happens to you. Sound familiar?
Well, let us introduce you to permanent life insurance plans. When it comes to whole life, universal life, or variable life policies, the premiums you pay will grow tax-deferred. You can therefore access the funds tax-free once the policy has reached a certain cash value- nifty, huh?
Obviously, the cash you accumulate counts as an asset. That’s how you can grow your net worth with the help of a permanent life insurance policy! Sounds good? Contact an independent life insurance broker for more info!
