Not exact matches
You can
borrow against your policy's
cash value income tax free
through life insurance loans.
A better idea is to
borrow against the
cash value of the policy to help you
through tough financial times without losing your coverage.
These plans also have a
cash value feature
through which funds may be
borrowed against or withdrawn if the policy holder is in need of
cash.
You have access to your
cash value in case of emergencies
through loans or by
borrowing against your policy.
Whole life offers (1)
cash value is liquid, creating
cash flow, (2) income tax advantages, (3) the ability to
borrow against it as collateral
through a life insurance policy loan and (4) the
cash value grows exponentially due to true compound interest.
Accumulates tax - deferred
cash value that can be
borrowed against through an interest - bearing loan or receive if the policy is surrendered.
If you
borrow against the
cash value of your life insurance policy
through a loan, then you will not have to pay income tax on the money.
Whole life insurance policies build
cash value, which you can
borrow against through loans.