Jacob Kujala, a senior product manager for U.S. Bancorp Advisors, stated regarding cash value life insurance: "It ends up being a de facto tax-free distribution on the back end. It helps with income tax reduction and management while it’s growing, and then potentially when you’re taking money out on the back end as well."

Authors

• Person: Not available Organization: U.S. Bank
  Why is insurance important in financial planning? | U.S. Bank

Sources

• Why is insurance important in financial planning? | U.S. Bank www.usbank.com U.S. Bank via serper

Referenced by nodes (1)

• cash value life insurance concept