This complex product has potential upsides but also risks.

See the tax advantages and downsides.

Cash value life insurance combines lifelong coverage with a savings component. The savings accumulate over time and can be accessed through loans or withdrawals. Premiums for cash value life insurance ...

Whole life insurance is permanent insurance with a guaranteed premium, death benefit and cash value growth. It provides a death benefit and a savings component, called cash value, that increases ...

Variable life insurance is a permanent life insurance policy with an investment component. Learn more about how it works and ...

Please provide your email address to receive an email when new articles are posted on . A benefit of nonqualified plans is the flexibility they offer in terms of participation. In many states, cash ...

Life insurance strategies could help wealthy families remove assets from their estates while acting as the collateral for loan financing and a source of tax-free distributions. These possible benefits ...