Financial Literacy

About Financial Literacy

Understanding IRS Code 7702 is essential for building smart financial strategies. It defines how cash value life insurance policies are taxed, making it a key tool in tax-advantaged wealth building. By leveraging this code, individuals can grow their money tax-deferred while ensuring a death benefit for their loved ones. Financial planners often use it to design strategies that align with long-term goals. IRS Code 7702 is especially helpful for those looking to supplement retirement income while maintaining control over their funds. Explore this code as part of a broader financial literacy strategy with expert guidance at Financial Literacy Group.