#32 7 Reasons Why Tax Laws Won't Change for Life Insurance
Update: 2021-10-18
Description
The living benefits of permanent life insurance are often discussed and sometimes the primary purpose of life insurance is forgotten. Premiums are paid for the primary purpose of replacing the income from a loss of life. When beneficiaries receive the death benefit, they do not pay income taxes on it because it is not income. It is for the replacement of income due to the loss of life. This will not change. I share 6 other reasons why I don't believe income tax law changes will be made on life insurance any time soon.
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Rebel Rock Wealth | Financial Strategies for Independent Thinkers
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Podcast: https://RebelRockMoneyTalk.com
Subscribe to our weekly newsletter: The Rebel Letter
Website: https://RebelRockWealth.com
Schedule time for a Discovery Call: https://RebelRockWealth.com/Schedule
Rebel Rock Wealth | Financial Strategies for Independent Thinkers
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