LIFE INSURANCE — A TAX SHELTER?

Abstract

When my daughter was an infant, I took out a $10,000 whole‐life insurance policy on myself. Seventeen years later I canceled the policy and received less cash than I would have had I stuffed the money under the mattress. This illustration is an example of why insurance has always been considered a poor investment. On the other hand, had I died, my family would have received $10,000 for its $100 annual premium and would have benefitted financially.

Citation

Butterworth, V. (1988), "LIFE INSURANCE — A TAX SHELTER?", The Bottom Line, Vol. 1 No. 3, pp. 43-44. https://doi.org/10.1108/eb025134