Does permanent life insurance save on taxes

Often marketed as a tax savings vehicle, permanent life insurance does grow tax deferred and because a policy holder can take loans against the accumulated cash value in the life insurance policy and loans aren't considered income - tax on the appreciating value in the policy would not occur. So technically the answer is yes, life insurance saves on taxes, but tax savings isn't the only consideration one must take into account when evaluating whether to purchase a policy. Contact me to understand this decision-making process better to ensure you are enhancing your overall financial position and have confidence that you are making the best decision for you and your family.