While if thegovernment chooses to increase the tax rate for the young, the effectsofthe tax-deferredpolicy for enterprisepensions will be just the opposite.
"But you can certainly find situations where you'd be a fool to drop an existing policy, " Mr. Daily says, especially if it's an older "whole life" policy the kind that builds cash value some of which offer a tax-deferred rate of return on the cash value of over 3%.