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Stacy's News: It’s Time to Save on Taxes

Stacy's News: It’s Time to Save on Taxes

August 17, 2022

With many tax changes surrounding us, it’s wise to think out of the box at ways to minimize the taxes we pay.

Life insurance can be used as a tax advantaged savings plan as it allows the policy holder to invest on a tax deferred basis.  This means they are exempt from paying taxes on any interest or dividends on the plan's cash value.

This alternative is a great way to allocate some of your funds and it also gives you the ability to transfer a policy’s death benefit income tax free to your beneficiaries.

Reach out to us at 215-579-5601 to schedule a call to discuss how permanent life insurance can be an effective tax strategy for you and your family.

As always, if you have any life changes or updates that you need us to attend to (i.e., new job, promotion, marriage, new baby or grandchild, etc.), please do not hesitate to contact us.

Stacy Brilliant, Chief Operating Officer