Tax strategies that turn life insurance lemons into lemonade iStock/Thinkstock

Tax strategies that turn life insurance lemons into lemonade

This article shows you the “how,” whether you are rich or just want to mimic the insurance strategies they use $1 million of tax-free life insurance equals over $3 million in earnings Following are five example strategies that come up often in practice or create the most tax-free dollars It should be noted that every detail, nuance and possible tax trap of the above strategies cannot be accounted for in this article Warning: Only work with experts in this area

Did you ever wonder why the rich buy so much life insurance? The answer is in the numbers: The crazy tax law allows you to multiply a small portion of your wealth into millions of tax-free dollars. How, you ask?

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TAGS: Taxes
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