Where The Money Reside: 10 Financial Strategies For The New Year
- By
Michelle Farley
Source: shapecharge / Getty
Life Insurance
Life insurance is often thought about as a resource to pay for funeral expenses. While that is true, life insurance is more than just a monthly payment for what-ifs. It’s a gamechanger in how you can save and earn compound interest that helps your financial future. When you invest the cash component of your life insurance policy, you will not have to pay taxes on your investment’s dividends or capital gains. Speak with a financial advisor or life insurance agent and see how the “cash factor” of your life insurance policy can be invested now to protect your financial future.
Typical life insurance plans include:
- Term life insurance
- Whole life insurance
- Universal life insurance
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
