Cigar Asylum Cigar Forum - View Single Post - Cigar smoking and Life Insurance premiums.

ckay · 09-08-2010, 08:04 PM

How many people do you know that will invest the difference? And by investing, I do not mean buying HTF cigars!

I am a wealth manager that also puts life insurance into place when there is an apparent need, so I do see both sides of it. I do see the power in tax deferred nature of growth in an insurance wrapper when all deferral vehicles are already taken advantage of. Couple that with loan provisions that allow for tax free withdrawals regardless of age, and you can easily see how a whole life policy can become a very effective tool in one's overall financial strategies.

09-08-2010, 08:04 PM	#44
ckay Still Watching My Back Join Date: May 2010 Posts: 71 Trading: (0)	Re: Cigar smoking and Life Insurance premiums. How many people do you know that will invest the difference? And by investing, I do not mean buying HTF cigars! I am a wealth manager that also puts life insurance into place when there is an apparent need, so I do see both sides of it. I do see the power in tax deferred nature of growth in an insurance wrapper when all deferral vehicles are already taken advantage of. Couple that with loan provisions that allow for tax free withdrawals regardless of age, and you can easily see how a whole life policy can become a very effective tool in one's overall financial strategies.