Last week my Advisory led off with a question from a man concerned about “building a Family Legacy For Future Generations.” One of my readers, Bradley K., was kind enough to send this response: “Tell the reader who is worried about estate building to buy life insurance. Proceeds are not income taxable, & policy ownership can be arranged to avoid estate taxes too. Spendthrift provisions can be arranged thru the use of life insurance trusts. “Whole Life is not subject to the vagaries of the market, either. Don’t buy Universal Life or Variable Life for this purpose.” For the record,...
