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| Insurance Guide | | |

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Un title page
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| | Controversies |
| | | The
insurance industry and rent seeking |
Certain insurance products and practices have been described as rent seeking by
critics. That is, some insurance products or practices are useful primarily because
of legal benefits, such as reducing taxes, as opposed to providing protection
against risks of adverse events. Under United States tax law, for example, most
owners of variable annuities and variable life insurance can invest their premium
payments in the stock market and defer or eliminate paying any taxes on their
investments until withdrawals are made. Sometimes this tax deferral is the only
reason people use these products. Another example is the legal infrastructure
which allows life insurance to be held in an irrevocable trust which is used to
pay an estate tax while the proceeds themselves are immune from the estate tax.
Reference: www.wikipedia.org
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Auto
Insurance 12 December,2003 Automobile
Insurance  known
in the UK as motor insurance, is probably the most common form of insurance and
may cover both legal liability claims against the driver and loss of or damage
to the insured's vehicle itself. | |