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Tax Savings And Products From Life Insurance Companies


wealthymattersInsurance companies provide insurance and that’s very important in itself. But long after some people have met their safety needs and perhaps even accumulated so much wealth and secured it in a way that makes life insurance plans to provide for bereaved dependents superfluous, you find them still opting for investments in products from life insurance companies….Ever wonder why ?The answer is that, never mind what most run-of-the-mill financial advisors say, a FEW of these plans do provide excellent returns, and help create wealth,  provided a person is wealthy enough to be able to wait the decades to realize the benefits of these returns or better still think in multi-generational terms. Further, intelligently played , these products offer a way of mitigating the risk of falling interest rates on savings that all of us face. Next factor in tax and the numerous tax advantages products from life insurance companies offer and you start seeing the wisdom in what these wealthy people do.

Aegon Life has published a tax guide on it’s website to help you explain all things related to taxes and tax-planning.

However, if you’d like to educate yourself in peace before dealing with any sales pitches, here’s what you need to know: Read more of this post

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