Can you cash in a life insurance policy 2024?
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Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
Borrowing from the cash value of your life insurance does have some upsides, the biggest of which is the tax advantage. Withdrawals of any amount from the accumulated cash value of your whole or universal life policy is tax free up to the amount of the premiums you have paid.
2023-05-07 11:58:51
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Gabriel Wright
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Borrowing from the cash value of your life insurance does have some upsides, the biggest of which is the tax advantage. Withdrawals of any amount from the accumulated cash value of your whole or universal life policy is tax free up to the amount of the premiums you have paid.