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Political Factoid
Permanent Insurance has become primarily tax shelters for the wealthy.
Nearly 40% of the face value of new whole-life and universal-life insurance policies sold in 2007 were for high-end policies of $2,000,000 and up, and which can carry annual premiums of $20,000 or more.
This compares with 10% just ten years ago and only 1% twenty years ago.
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