new game

how sustaninable is this business of life insurance?
people and investor will not buy it!

if they don't buy it, then it won't go very far.

nice business to be in though...get residuals for the life of the insurance. Can work from home, retire early, all you've got to do is get renew your license annually.

Life insurance is an important vehicle for wealthier estates.
Often used to pay estate taxes owed so there is no disruption of business or real estate operations.
If this administration allows the cuts to run out which is very likely, you may actually see a significant increase in policies.

I am sure Obama will go after these tax shelters soon

With Life Insurance NO income tax on proceeds. Your beneficiaries receive death benefits completely free of income taxation. Therefore, a $500,000 policy delivers $500,000 in benefits with no deductions and no withholding required. Note: This is true with all life insurance policies, both term and cash value.
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So for the low price of a fat commission to your friendly neighborhood insurance salesman, you can avoid taxes. And now that Wall Street is looking to engage in the business of buying and selling the policies of those at death's door, it's not hard to imagine a change in the offing.

yes Riversider, that is the latest investment advice...don't save for retirement, spend for it. We all want to leave something to our children, rather than putting it away to give them upon our deaths, and have them taxed to the hilt, buy yourself an insurance policy, pay into it every month, use your retirement savings on yourself, and die easy knowing your family will have an inheritance. The other part of this conventional wisdom, is that there is one thing we can count on: taxes going up for a very long time. So if you can find a way to avoid some tax at least, do it.

LP1, Appreciate the sentiment. It semes on one hand the government creates an inheritance tax and then creates tax vehicles to bypass it. Life Insurance policies by definition must offer sub-par returns otherwise the insurance salesman and firm would earn no money. This is yet another example of our strange tax code.