Benefits of Permanent Life Insurance

1. Tax-Deferred accumulation of policy cash value
2. Avoidance of 10% tax-penalty on withdrawals before 59 1/2 on qualified plans
3. FIFO (First in-First out) tax treatment on withdrawals = tax free withdrawals up to amount paid in.
4. Tax-Free death benefit to beneficiaries
5. Death benefit in excess of policy cash value
6. Death benefit avoids probate