Leading CPA Ed Slott calls life insurance “the single biggest benefit in the tax code”⁣⁣ ⁣⁣ It’s part of why the combination of life insurance and real estate create some of the most powerful generational wealth tools. ⁣⁣ ⁣⁣ 3 reasons why life insurance is a great strategy: 1) it’s tax-free, ⁣⁣ 2) there are no Required Minimum Distributions required, and ⁣⁣ 3) there aren’t complicated tax rules to navigate. ⁣⁣ ⁣⁣ The tax-free nature of life insurance was written into the original tax code over 1