What Is A Life Insurance Wrapper? 
A life insurance wrapper is a terrible metaphor for the tax advantaged features of a life insurance policy that allows crediting methods like interest rates , indices and separate subaccounts using equities and bond investments . Life insurance accumulated tax deferred and a TAMRA compliant non modified endowment policy can generate tax free income provided that the life insurance policy is kept in force the life of the insured . The life insurance wrapped around the crediting method is the marketing approach here . 