Limitation on the exemption of inheritance tax for American citizens to purchase traditional life insurance

1 the advantage is the tax relief for new immigrants in the United States.

According to the regulations of the IRS, the interest income of cash value in American life insurance contracts is exempt from capital gains tax and death compensation is exempt from income tax. Therefore, if American green card and passport holders want to find natural tax avoidance tools, life insurance is a very good choice.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.