Jan 2 2023
2025 The Final Drive S1:E39 - Life Insurance - A Better Investment
Is Life Insurance a better Investment than an IRA? What a great topic starting off the New Year! While life insurance is a protected class in the Internal Code, it is also tax free. How does this happen? The advantages of a life insurance policy include a death benefit for your children - leaving a legacy, cash value grows, borrowing against a life insurance policy, and it grows tax free. When looking at your IRA you are limited on your options, including the conversions you need to make into your Roth. However, with life insurance you have more opportunities: universal life, term, or whole life. If you are worried about changes in the law on ROTH IRA’s, your life insurance planning now can save you later because IRS codes are like whack-a-mole, but the IRS Code 7702 is the most sacred tax code in all the laws. Listen in to learn more. https://www.cfci.us/2025-the-final-drive