15 Life Insurance (continued) Retirement Planning The cash-value portion of life insurance grows tax- free, after (lots of) fees and expenses An inves
{"Image DocumentName": "Life Insurance (continued)", "Image ImageDescription": "Retirement Planning. The cash-value portion of life insurance grows tax-free, after (lots of) fees and expenses. An investor wants to save for retirement. He has already invested the maximum in his 401k, Roth IRA, and other vehicles. How can life insurance help? A cash value product provides both a death benefit and savings component. The cash value portion grows tax deferred after fees and expenses. The investor can borrow against the cash value in the insurance contract for a low-cost loan. He will pay a specified interest rate for the loan, and if not paid back, the death benefit is reduced.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}