Why More People May Buy Life Insurance in 2021
Why More People May Buy Life Insurance in 2021
A little-noticed change at the end of 2020 has suddenly made life insurance more appealing for some.
Photo by Juergen Faelchle / Shutterstock.com
A federal law passed at the end of 2020 has made permanent life insurance more attractive to some people.
The law essentially tweaks the tax code to allow owners of permanent policies to put more money into the savings portion of their policy.
As we have explained previously, permanent policies, also known as whole life policies, are a combination insurance-and-savings vehicle. Part of your monthly premiums pay for a death benefit, and another part goes into an internal savings account.
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Montpelier, Vermont is the smallest capital city in the country but it is not immune to the passions and controversies swirling over the departure of President Donald Trump and the inauguration of President-elect Joseph Biden. The police department is working with federal and state agencies to secure the city and Statehouse in the wake of FBI warnings of potential violent protests at state capitols across the country.
The FBI warning expects the protests to occur on the 17th and on Inauguration Day January 20th.
The Montpelier Police Department is coordinating with the Vermont State Police, the Washington County Sheriff’s Department and State’s Attorney office, the Vermont Intelligence Center, Vermont Capitol Police and other federal and state agencies to make sure the building, grounds and people are secure.
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