Do you know life insurance is more than just a tool to help pay for funeral costs? Yes, life insurance, specifically permanent life insurance, is a valuable wealth-building tool. In this article from Ronda Lee of Business Insider, we discuss:
- Cash value life insurance policies.
- Permanent life insurance plans.
- When to use permanent life insurance versus 401(k) and IRA plans.
- Who needs permanent life insurance.
I implore you to read her full article on Business Insider here.