Current Savings, Real Asset Income
When I enter the cash value ($9600) of a paid-up veterans life insurance ($10000 benefit) policy, an automatic entry ($288) is placed in Current Savings, Real Asset Income. Why? There is no income from this policy?
When I enter the cash value ($9600) of a paid-up veterans life insurance ($10000 benefit) policy, an automatic entry ($288) is placed in Current Savings, Real Asset Income. Why? There is no income from this policy?
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
Cash value is an asset and should be earning a return. It may be obscured by your policy details. Call me if you want to discuss this. 617 834-2148. best, Larry