John Bullis
For the Nevada Appeal

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January 29, 2013
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John Bullis: Do you have enough life insurance?

One of the great tax shelters also provides for your family if you die. It's Life Insurance.

There are two main types of life insurance.

Permanent or Whole Life policies have a bigger premium and build up cash values that you can borrow against.

Term policies have lower premiums and do not build up cash values. It's more like rent.

However, if others need to be protected in case you die, life insurance is not only appropriate, but it can be a bargain.

Since the death benefit is not subject to income tax, it goes farther for your loved ones. …

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The Nevada Appeal Updated Jan 29, 2013 02:15AM Published Jan 29, 2013 02:13AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.