What is the most cost effective tool to use to setup insurance trust? Term or ILP?
Anyone has experience in this area?
This post has been edited by jutamind: Jan 26 2019, 04:33 PM
Insurance Talk V5!, Anything and everything about Insurance
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 Jan 26 2019, 04:33 PM
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Jan 26 2019, 08:27 PM
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I'm looking at specific term until my kid reach a certain age for trust purpose. I have other life insurance policies that cover until 80 at least. Apart from term or ILP, any other tool can be used for trust for kids which is cost effective?
QUOTE(ckdenion @ Jan 26 2019, 06:33 PM) if you are comparing only term and ILP life insurance, term life is more cost effective. only thing you need to take note for term life is the term of coverage where as for ILP life insurance most are up till 99 years old. certain term insurance is up to 70 years old only.  |
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