Life Insurance Provides A Great Investment Opportunity
How leveraging life insurance cash values allows the policy owner to gain access to cash. He does this by accessing the cash value within his tax exempt, permanent life insurance policy, without triggering tax consequences that a disposition can create.
PR9.NET February 18, 2006 - Montreal, Canada. In a teleconference call with his brokers today, Ivon T. Hughes, President of The Hughes Trustco Group (hughestrustco.com/wholelife.html) reviewed how leveraging life insurance cash values allows the policy owner to gain access to cash. He does this by accessing the cash value within his tax exempt, permanent life insurance policy, without triggering tax consequences that a disposition can create.
In the call, Mr. Hughes said that as assigning a life insurance policy as collateral for a line of credit involves risk, it should generally only be considered by investors who:
· Accept risk
· Have financial assets over and above the life insurance policy
· Have received advice from a tax lawyer, or accountant
"Another way to accumulate money is to use life insurance policies with dividends which are in fact mini pools of capital that you own" said Mr. Hughes. "For example, if you have been putting in $200 a month for 5 years, you would now be able to access a life insurance loan against a good portion of that amount, depending on your age. Life insurance serves many purposes and if you can't save money any other way, the way to do it is through permanent life insurance".
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About The Hughes Trustco Group Ltd
The Hughes Trustco Group Ltd,
Life insurance brokers in business since 1972.
Here you will find the very best deals for term life and other types of insurance.
The focus is on these products and you can receive quotes from virtually anywhere by mail, fax, e-mail or telephone. For the more detailed questions and problems, you have ready access to the companies for the best use of their products.
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