Most of us do not know this method to invest TAX FREE legally

Tonight, I want to talk about one of the most "overlook" method to invest your money tax free mainly for your retirment purpose. Most people use 401k, IRA, Roth IRA as their vehicle to invest tax free or tax deferred. Very very few people heard about life insurance as a investment vehicle. Generally, people believe that one could get benefit from life insurance if the insured die. Well this is the "old" way-> term insurance. Another type of insurance has cash value built-in the premium. It means that a portion of your premium will go toward the cost of your insurance coverage. The bigger coverage you buy, the higher the cost. The remaining premium will go into an investment account which will earn money for you. The yield % vary depending on which type of cash value insurance you buy and which company you go with. The best thing about this program is that the money grow tax free! Money will compound at a much faster rate compare to taxable account, like our general stock account, CD, etc. So, what's the catch? Most policy has this restriction called Surrender charge. You're not allowed to withdraw money in the first 5 to first 10 years. But if your idea is to invest for long term for retirement, say 20 year +, and you have max out other tax-free investment, life insurance could be another way to diversify and enjoy the tax free benefit.