5 Tax Benefits of Life Insurance You Didn’t Know

Life insurance offers several hidden tax advantages. Payouts are typically tax-free, and cash value growth isn’t taxed while accumulating. Policy loans may be tax-free, and premiums for business-owned policies can be deductible. Some estate planning strategies also reduce estate taxes, making life insurance a powerful financial and tax planning tool.

Visit https://tenoeight.ca/5-tax-ben....efits-of-life-insura