How Business Owners Use Life Insurance as a Tax-Free Wealth Strategy

Life insurance isn’t just about protecting your family in the event of your death. For wealthy individuals and savvy business owners, it can be a powerful financial planning tool and tax-efficient investment vehicle. While the middle class often buys inexpensive term life insurance with no cash benefit unless they pass away during the term, high-income earners and entrepreneurs usually choose permanent life insurance to build wealth, shelter income from taxes, and access funds without triggering taxable events.