Life Insurance is the foundation of financial security for you and your family. It protects your financial resources against the uncertainties of life so you can plan for the future.
The above truth is well known, but little known is the value of Life Insurance in preserving ones estate for ones heirs. Without substantial liquid assets to pay the tax man, even very large estates are forced to liquidate property that they would have liked to go to their heirs. Life Insurance is an important tool in preserving your legacy and passing it on to your loved ones.
Life Insurance can also be used to fund College and to build a tax free retirement income. There is also a little know technique which uses special types of plans and special types of Insurance Companies to set up a bank of sorts, to fund purchases you currently use other banks, loan companies and leasing companies to finance. This keeps the finance charges and the interest on the finance charges in your pocket. Life insurance is a valuable tool that the rich already know about, but can be used by everyone.