Issues With Premium Finance Life Insurance The premiums for a life insurance policy with premium financing must be paid for by a bank loan obtained by the policyholder. The tactic reduces the overall cost of purchasing a very big life insurance policy, and rich Americans employ premium financing for for this reason. However, there are… Read More »
How to Understand Cash Value Life Insurance Cash price A type of life insurance that accrues cash value is life insurance, sometimes referred to as universal life or whole life insurance. You can utilize this cash value in a variety of ways, such as to pay premiums that are overdue, to take a part for… Read More »
Is Life Insurance Cash Surrender Value Taxable Confusion abounds around the taxability of cash surrender values from life insurance. The tax-free characteristic of life insurance is frequently praised by agents. However, the marketing materials frequently include a ton of footnotes on the topic of taxes. So, is your life insurance cash surrender value taxable? Yes,… Read More »