He wants to keep things as is because money that is spent on life insurance flows to him, and life insurance benefits are tax free. It’s naked self interest, as National Review Online explained today.
“He wants to keep things as is because money that is spent on life insurance flows to him, and life insurance benefits are tax free. It’s naked self interest, as National Review Online explained today.”
A relative was sold life insurance with a very large annual premium for this reason. The relative was protecting the heirs inheritance but the lawyer and insurance company got the immediate gain and years later, thanks to Republicans, it wasn’t necessary after all.I always thought it was a racket and your comment about Buffet brings it into clarity for me.