Is Cash Value Life Insurance Taxable?

Is Cash Value Life Insurance Taxable?¬†Depending on the policy, money in the cash value account grows tax-free based on interest or investment gains. However, if you take the money out, you might have to pay taxes. The cash value of a life insurance policy can be accessed through a withdrawal, a loan, or surrendering and…

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Why Is Cash Value Life Insurance Bad

Have you ever thought of this – Why Is Cash Value Life Insurance Bad?¬†If yes, follow me on this episode. Life insurance can be broken down into two main categories: permanent and term A “term” policy, as its name suggests, only covers a predetermined period of time. Permanent life insurance is intended to last a…

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