pixabay.com

15. September 2016 · Write a comment · Categories: Uncategorized

Is Permanent Life Insurance Taxable?
Permanent life insurance is not taxable until you withdraw funds from the cash portion of the policy. If you take out a “loan” against the policy, the amount you borrow is not taxable. Death benefits paid out to your named beneficiary are exempt from both income tax and estate taxes.
[green_message]Source: http://ift.tt/2czXz5i [/green_message] Follow me on Facebook at http://ift.tt/1geQt49