What’s the connection between your life insurance policy and taxes? It’s easy to see these two as existing in different worlds, but they’re more connected than you think. In essence, you can take out a life insurance policy and use its cash flow to pay your taxes. Paying the two separately and directly is a viable option with less complexity. However, by learning the nuances of taxes and insurance policy, you will develop a higher understanding of money on all levels, create more options for your family, and live the life you want. Spoiler alert: You can’t spend your way into prosperity, but you can educate yourself into it.
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