Ep 34 - Should Insurance Be Used for Retirement
Directed IRA Podcast
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Is Whole Life a Good Idea?
We are not against whole life insurance. There are times when it makes sense. A lot of times in a charitable remainder trust strategy or a life insurance strategy, we have what's called an islet. It's an insurance trust where the cash value is used to pay the premiums to keep the insurance in place for the rest of your life. If you've had any gains in there, those are all taxable now.
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