Tax Advantages of Your Whole Life Policy
In this episode, Patrick Donohoe dives into the powerful life insurance tax benefits working for you as part of the Perpetual Wealth Strategy. From policy inception to death benefit, Patrick reviews the tax advantages other investments and accounts can’t match. Timstamps: 2:12 - Historical tax stability of permanent life insurance 5:55 - The primary tax benefits of insurance 8:23 - Tax benefits of dividends and policy withdrawals 9:50 - The taxation of a 401(k) vs. a Wealth Maximization Account 11:57 - Tax code benefits for small business owners and executives 14:00 - Death benefit liquidity and tax advantages 15:30 - When life insurance could cause an estate tax #lifeinsurancetaxbenefits #taxesonlifeinsurancepolicy #wholelifeinsurancetaxbenefits Previous episode in this series: • Key Benefits of Mutual Insurance Companies Next episode in this series: • Lending Through Your Whole Life Policy ----- Paradigm Life is the leader in financial education and strategic wealth management that puts the control back in your hands. Whether you’re just starting to save money, looking to grow and protect your wealth, planning for retirement, exploring how to leave your assets behind, or simply tired of Wall Street volatility, we can help. To request a free, one-on-one consultation with one of our Wealth Strategists, visit Paradigm Life today. https://paradigmlife.net/ Request a consultation: https://bit.ly/3IemZ4D ----- Want to Learn More? Free infographic download - Tax Advantages of the Wealth Maximization Account: https://paradigmlife.net/resources/98... Free chapter download of Patrick Donohoe’s bestselling book, Heads I Win, Tails You Lose: https://paradigmlife.net/resources/92... Other Helpful Resources: The Donohoe Bulletin: https://paradigmlife.net/resources/ca... Paradigm Life Blog: https://paradigmlife.net/blog/?utm_so... ----- Connect With Us on Social! Facebook: / paradigmlife Instagram: / paradigmlife Twitter: / paradigmlife LinkedIn: / paradigm-life Patrick Donohoe on LinkedIn: / paradigmlife Website: https://paradigmlife.net/ ------ Subscribe to the Podcast: iTunes: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/2h4fJ5R... Stitcher: https://www.stitcher.com/podcast/para... Google Play: https://playmusic.app.goo.gl/?ibi=com...
