Life insurance is often seen as just protection for loved ones—but it also offers significant tax advantages . From tax-free death benefits to tax-deferred cash value growth, life insurance can be a powerful financial planning tool. Key Tax Benefits of Life Insurance 1. Tax-Free Death Benefit Life insurance payouts to beneficiaries are generally tax-free . This ensures your family receives the full amount without IRS deductions. 2. Tax-Deferred Cash Value Growth Permanent pol

Life insurance is often thought of as a safety net only after death. But what if you could use your policy while you’re still alive? That’s exactly what living benefits life insurance  provides. These policies give you access to part of your death benefit if you’re diagnosed with a qualifying illness or condition. What Are Living Benefits? Living benefits are riders  (policy add-ons) that allow you to access your policy’s payout while still alive. They’re designed to help cov