Sentences with «tax due on the growth of these funds»
The cash that is in the cash value component of the policy is allowed to grow on a tax deferred basis, meaning that there are no taxes due on the growth of these funds unless or until they are withdrawn. (burialinsuranceplans.org)
If there is cash value in a permanent life policy it can grow tax - deferred, meaning that there will be no taxes due on the growth of these funds unless or until they are withdrawn. (over50lifeinsure.com)
This means that there is no tax due on the growth of these funds, until the time of withdrawal. (rootfin.com)