Several years ago I heard about the best investment deal I have ever heard before or since. When I explain it to you, you're probably going to think, it's too good to be true. But take it from me, dear reader, it's legitimate, and it works exactly as I am going to explain it . But first I need to explain some basics which you may or may not already know.
Life insurance has a very favored status in the income tax code.
Term life insurance offers protection for your beneficiaries in the event that you die. There is no increase in the value of the policy. Term insurance is typically affordable for young couples who are just beginning their family and don't have much discretionary money. As you age term, insurance becomes increasingly more expensive. A cash value policy, on the other hand, increases in value over time.