Whole Life Insurance Claims Are Tax Free; 1800InsuranceToday.com Tips On Growing Money

Saving money through the bank can earn interests overtime. However, accumulating interests in a whole life insurance plan can reap more tax-free benefits.
June 22, 2011 - PRLog -- Forced savings in a whole life insurance policy doubles the claims of the insured or the beneficiaries compared to a bank savings account. With it, beneficiaries can earn in two ways.  One way is through the death benefit.  The other benefit is through the tax-free money that has been accumulated for ages.  While savings in a bank can be taxed, benefactors of life insurance accounts are sure to get claims without any cut.

Because security is very vital for every investor, 1800InsuranceToday.com shares the secrets in investing through life insurance premiums.  The site has everything one needs to know how to double the interest in an investment through time.

Read more about Rewards With Life Insurance:

“Many wealthy people have already found out how to accumulate  money with whole life insurance.  Whole life insurance had been a way for them to have a savings account.  These affluent investors have been primarily stirred by the death benefits from this kind of insurance policy.”

"Since saving money in a bank can be taxed, whole life insurance is very beneficial to the next generation.  They will enjoy the claims with its accumulated interest.  Plus, they will not have to worry about taxes."

Read more about Whole Life Insurance and Its Benefits:

“Traditional cash savings generate annual interest that is taxable. The interest accumulating inside a whole life insurance policy is not taxed while accumulating. If the owner of the contract dies and never gets to the cash accumulation, it all passes income tax free to the next generation.”

“Net returns are also a factor. Today's traditional savings vehicles have a very low rate of return. The cash buildup inside a whole life policy may be higher than what you may get from a CD.“

“To properly take this approach, the owner should maximize contributions to the contract. Cash accumulations inside whole life policies were such a great deal for tax planning that the IRS actually limits just how much you can invest inside these contracts.“

Read more about Tax Free Saving With Life Insurance at:  http://www.1800insurancetoday.com/tax-free-investment

Banks are not the only place where people can earn interest from their money.  Purchasing a life insurance policy is also an outlet to grow money.  Whole life insurance, for instance, doesn’t only grow money through interests but also gives death claims.

Whole life insurance has a lot of perks.  But, it is very expensive.  It is still important to study well about the more affordable term life insurance before one purchase a policy for financial security.

Know how to avail the lowest price life insurance today.

Find out how make life insurance plan as your savings account.  With the new policies, almost everyone can afford to get one.  

Visit 1800InsuranceToday.com Facebook Fan Page to know about the perks on life insurance at http://www.facebook.com/pages/Life-Insurance-Secrets/1954....

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Find out how make life insurance plan as your savings account. With the new policies, almost everyone can afford to get one.
Source:Felicia Waters
Tags:Whole Life Insurance, Tax-free Savings, Savings Account, Life Insurance, Death Claims, Savings
Location:United States
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