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What is tax-free asset formation using life insurance?

When most people hear the word "life insurance," they think of it as something that pays out to your family after you die . But what if you could use it while you're still alive and healthy?

American life insurance now offers many benefits, including protection you can use for yourself and your family while you're still alive, as well as the ability to manage your assets.

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As long as I live
A personal pension for life

In the United States, annuity refers to personal pension insurance. It is an insurance product that allows individuals to create pensions, rather than the government or a company.

It works in such a way that a fixed amount is paid out at fixed intervals (such as every year or month) into the future , and among the various retirement investment methods available in the United States, such as IRAs and 401Ks, it is the only way that allows you to receive a pension for the rest of your life, even if it exceeds the principal you initially put in .

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