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<blockquote data-quote="satellitedriver" data-source="post: 673433" data-attributes="member: 1664"><p><strong>Re: Really ?</strong></p><p></p><p><strong><span style="color: DarkGreen">Excellent point,</span></strong></p><p><strong><span style="color: DarkGreen">The deduction used as a payment toward a term life policy is the way to go, for many cases.</span></strong></p><p><strong><span style="color: DarkGreen">One"brings home" no more money monthly than if they took the deduction, but, upon death one's spouse will receive a lump sum "tax free" amount.</span></strong></p><p><strong><span style="color: DarkGreen">The math is not that complicated, but the calculus must be done to consider all the variables.</span></strong></p><p><strong><span style="color: DarkGreen">-( IE; taxable income)-</span></strong></p><p><strong><span style="color: DarkGreen">Any pension payment paid to a surviving spouse is a yearly taxable event.</span></strong></p><p><strong><span style="color: DarkGreen">A lump sum insurance payment is non taxable event, only the interest and growth becomes a taxable event.</span></strong></p><p><strong><span style="color: DarkGreen"></span></strong></p></blockquote><p></p>
[QUOTE="satellitedriver, post: 673433, member: 1664"] [b]Re: Really ?[/b] [B][COLOR=DarkGreen]Excellent point, The deduction used as a payment toward a term life policy is the way to go, for many cases. One"brings home" no more money monthly than if they took the deduction, but, upon death one's spouse will receive a lump sum "tax free" amount. The math is not that complicated, but the calculus must be done to consider all the variables. -( IE; taxable income)- Any pension payment paid to a surviving spouse is a yearly taxable event. A lump sum insurance payment is non taxable event, only the interest and growth becomes a taxable event. [/COLOR][/B] [/QUOTE]
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