If you’ve read my first article in this series, you probably know more than you really want to know about term life insurance. It’s now time to talk about the other side of the equation: permanent coverage. To recap, while term insurance is a simple tool with a few add-on features, permanent life insurance is like a swiss army knife that can do pretty much everything except make your bed and laugh at your jokes. Of course, whether this is worth the extra costs that can go along with these features and whether it is the best tool for your situation is an entirely different question. Sometimes, permanent life insurance can be a game changer. Sometimes, it can do a pretty good job but there might be other products or solutions that do an even better one. Sometimes, the wrong permanent policy can even leave you worse off than when you started. This article (and my ensuing) articles are designed to help you make informed insurance choices.
Posts from the ‘charitable giving’ Category
Most of us that donate don’t do it for the tax savings. Although there are some tax benefits to funding cancer research or donating to a charity for disadvantaged youth, it’s seldom about the money; we give because we want to make a difference. On the other hand, if our government offers tax relief to reward our charitable intention, it seems to me a little churlish to not take them up on their offer. The rest of this article explains how to do just that.