buying life-insurance as tax saving instruments.
By sanjeebkpaul
@sanjeebkpaul (9)
India
January 11, 2007 10:44am CST
want to save tax during the current financial year 2006-07.
and thinking of buying some insurance products.can anybody guides me about it?
1 response
@bjone6 (348)
• United States
11 Jan 07
Life insurance is an investment for your children not for savings instruments. If you are talking about the annuity life-insurance instruments then, yes, you can save on taxes. It's not a great investment though. An IRA and a 401(k) is a better investment.
