What Tax Benefits Can You Draw From Your Insurance Policy?

Have you taken to the road of a single premium life insurance policy, as many have in recent years? If you have, it (as with most policies) are eligible for tax credits… so how do you know you’re getting what you should?

“There are single premium life insurance (SPLI) policies as well, which provide similar benefits of protection and savings as the regular premium ones. The term of SPLI policies is usually 10 years, but one can exit after five years…” [ Read more here ]