Jul 10, 2022
When you read or hear the words tax shelter it probably doesn’t conjure images of using whole life insurance. But whether or not whole life insurance is actually a tax shelter depends on how you define it more than anything.
It’s not a tax shelter in any sort of the more shady ways that people discuss tax shelters. But it certainly does fit alongside something similar to a TSA (tax-sheltered annuity) in a more general sense.
If you spend more than a few minutes cruising around
ye olde world wide web, you can find all sorts of interesting
“information” about various tax shelters. Since we focus on the use
of life insurance, in particular, a great deal of time and words
are written about whole life insurance, we’ll take a look at how
whole life works as a tax shelter.
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