Certified Public Accountant
Personal Financial Specialist
Converting Term Insurance to Cash Value
If you convert your term life insurance to cash value coverage, you can rest assured that your family will be provided for in the event of your untimely death while putting your premiums to work building tax-deferred cash values.
(This approach may not be suitable for everyone. You should review your insurance options with a qualified agent regularly to ensure that they meet your needs.)
Information presented on this page is for general education only. It shall not be construed as specific tax or financial planning advice suitable for you.
Circular 230 disclosure: Pursuant to regulations of the U.S. Department of Treasury, it is required that we advise you that information presented on this page cannot be used by the taxpayer for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code on the taxpayer, or to promote, market, or recommend to another party any tax-related matters addressed herein.