Life Insurance Provides A Great Investment Opportunity
Released on = April 13, 2006, 12:03 pm
Press Release Author = The Hughes Trustco Group Ltd
Industry = Financial
Press Release Summary = How leveraging life insurance cash values allows the policy owner to gain access to cash. He does this by accessing the cash value within his tax exempt, permanent life insurance policy, without triggering tax consequences that a disposition can create.
Press Release Body = Montreal, Canada. In a teleconference call with his brokers today, Ivon T. Hughes, President of The Hughes Trustco Group (hughestrustco.com/wholelife.html) reviewed how leveraging life insurance cash values allows the policy owner to gain access to cash. He does this by accessing the cash value within his tax exempt, permanent life insurance policy, without triggering tax consequences that a disposition can create. In the call, Mr. Hughes said that as assigning a life insurance policy as collateral for a line of credit involves risk, it should generally only be considered by investors who: · Accept risk · Have financial assets over and above the life insurance policy · Have received advice from a tax lawyer, or accountant
"Another way to accumulate money is to use life insurance policies with dividends which are in fact mini pools of capital that you own" said Mr. Hughes. "For example, if you have been putting in $200 a month for 5 years, you would now be able to access a life insurance loan against a good portion of that amount, depending on your age. Life insurance serves many purposes and if you can\'t save money any other way, the way to do it is through permanent life insurance". About the Hughes Trustco Group The Hughes Trustco Group went online in June 1998 to supply information about life insurance to consumers from all the life insurance companies. The website is visited every day by persons seeking information on term life insurance, disability insurance, critical illness and all forms of life & health insurance. Life insurance quotes are provided from all the companies allowing the client to make an independent assessment.
Web Site = http://www.hughestrustco.com
Contact Details = Ivon T. Hughes 1405 Bishop Street, Suite 216 Montreal , H3G2E4 $$country
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