I SINGLE LIFE I casual living modes YOUR DATELIN 851-0909 When you're not looking, we are! • a selective referral dating service contemporary • furniture • lighting • wall decor • gifts • interiors JEWISH SINGLES • Meet Congenial People • Make New Social Contacts • Free Interview Contemporary for over 34 years LO-LA The Dating Program 54+1711 22961 Woodward, Ferndale, MI P.O. Box 254 Lathrup Village, MI 48076 356-0949 1987 HOC X28 STOCK NO. 6664 PAYMENT $30 9 PER MO. Join your friends and neighbors ... leasing is the way of the future ... You get more car for your money. See me & drive for less! CORVETTEWNVERTIBLE STOCK NO 7080 PAYMENT 1111111111•P ■ mw ■ I Mir PER MO. Lease p mt. based on approved credit on 48 mos. closed end, y 72,000 total iMileagew '6C Per mile extra Charge. To get total amt multiply pymt. times 48. Subject to use tax. 1st _mo. in advance, sec. dep. equal to 1st mo. pymt, plate cost extra. 11 111 III I 42355 GRAND RIVER Just East of Novi Rd Novi KARIT " EL KAN/ 78 slimmamems•samommemomomliMIN on= FRIDAY, JULY 17, 1987 I I I I 12 OAKS MALI. II `or III \min 1111111.111111.1111.111111MUN• HOURS Mon. & Thu. 'til 9 Tu.. Wed.. Fri. 'til 6 HOWARD SHERIZEN accessories Call or write Claire Arm Mildred Rosenbaum Insurance Is Viewed As Major Investment 348-7000 1-696 • Radical lifecycle changes from singlehood to marriage, divorce, re-marriage and eventually retirement, signal the need for financial ad- justments. Recent tax reform silenced the sizzle of many tax shelters. Individuals are now looking to life insurance companies to reposition their hard-earned assets. Why the sudden focus on life insurance as an investment vehicle? Though technically not an investment, the insurance in- dustry has introduced an at- tractive menu of policies to meet changing lifestyles. These feature long-term safe- ty of principal — without long-term, on-going premium demands. The risk of losing one's hard-earned investment in a volatile, unpredictable stock market has further highlighted the safety of in- surance as an investment vehicle. Flexibility is another hallmark of today's breed of new insurance products. Whether the plan is called Adjustable Life, Universal Life, Current Assumption Whole Life or Variable Life, all are geared to the changing lifestyle of today's consumer. When cash is tight, premiums can be frozen and outlays discontinued without forfeiting the insurance pro- tection. However, once per- sonal cash flow permits addi- tional allocation, some com- panies provide guaranteed cash yields currently higher than most bank CD's and municipal bonds. Life insurance currently features several tax advan- tages unavailable in tradi- tional investments. First, the inside build-up of earnings on the premiums you pay are free from current income taxes. This differs from a mutual fund or bank at- ' Howard B. Sherizen, an independent insurance agent and financial planner, is associated with the Mass Financial Group in Farmington Hills. cumulation in which the gain is reported to the IRS while earned. Thus, the equity in the life insurance can ac- cumulate much more rapidly than- a comparable invest- ment which is being chipped away year by year through taxes. Second, you can borrow against life insurance policies without paying taxes on the money you receive. Third, policy proceeds are Federal Income Tax-free to the beneficiary of your choice. If the policy is properly arrang- ed, both the Michigan In- heritance Tax and the Federal Estate Tax can be complete- ly avoided. Recent studies show that life insurance policies are be- ing substituted for non- deductible IRAs. The amount you can contribute is virtual- ly unlimited, unlike the $2,000-a-year IRA maximum. One can have access to his/her money without paying any income tax withdrawal penalty. Single Premium Whole Life is quickly becoming one of the hottest tax shelters. With one premium payment a paid-up life insurance policy is ac- quired. The policy is really life insurance in name only. It is actually an investment dressed up in insurance clothing to obtain the tax preferred benefits of life in- surance. With this type of in- surance, most of the premium goes toward earning interest, rather than buying in- surance. If someone truly needs large amounts of in- surance protection, this pro- duct is probably the wrong prescription. These type of policies permit use of cash value at a zero net cost: The money is not taxed and there is no requirement to pay back any loan. Under Variable Life the cash value portion of the policy is tied to one or more investment options which function in effect as mutual funds. The policy holder may choose between different in- vestment alternatives.