When you read or hear the words tax shelter it probably doesn’t conjure images of using whole life insurance. But whether or not whole life insurance is actually a tax shelter depends on how you define it more than anything.

It’s not a tax shelter in any sort of the more shady ways that people discuss tax shelters. But it certainly does fit alongside something similar to a TSA (tax-sheltered annuity) in a more general sense.

If you spend more than a few minutes cruising around ye olde world wide web, you can find all sorts of interesting “information” about various tax shelters. Since we focus on the use of life insurance, in particular, a great deal of time and words are written about whole life insurance, we’ll take a look at how whole life works as a tax shelter. ___________________________ If you'd like to find out how whole life insurance could work for you, please click here to talk directly to us!