20 Ways to Get Less Creative with Life Insurance

January 14, 2010 | by Aaron Pinkston	0 comments

I am on a lot of email lists from life insurance news sources and life insurance companies. Every once in a while, I get one company or news source that gets a bee in their bonnet about “creative uses of life insurance”. Inevitably, this is some kind of backwards flopping, over-stuffed, income-tax reducing scheme.

Yes, I understand how these work. I can usually tell which “advanced concept” they are pitching by reading the way they describe it. I like to play that game. But in my experience, this type of positioning confuses people about the true reason they need life insurance. Many of these schemes are often dangerous if implemented because life insurance is a long-term contract, but the loophole or tax benefits of the concept may change suddenly (Anybody remember how the most recent split-dollar rules changed things?).

Read more to see the 20 ways to get less creative with life insurance quotes.

Tags	basics, how, insurance, life
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