Cash-value Life Insurance
What is it? Combines basic insurance protection with tax-deferred investing. A portion of your annual premium pays for insurance, while the rest goes into the policys investment or cash-value account. Your investment earnings accumulate free of taxes until you withdraw them, but it often takes 10 years or more for the tax-deferral benefits to overcome the drag of the commissions charged by insurers.Added By: Mckenna
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