The Tax Benefits of Cash Value Life Insurance
https://www.transamerica.com/knowledge-place/tax-benefits-cash-value-life-insurance
… of Cash Value Life Insurance Insurance Natalie Montanez December 21, 2022 Why it matters Some forms of permanent life insurance policies feature a cash value savings component that may offer … understand the basics of life insurance policies . You pay premiums to an insurance company in exchange for the assurance of future payment if someone who’s covered on your policy passes. … or any person with a financial interest in your business if you are directly or indirectly the beneficiary of the policy.” 3 Are life insurance proceeds taxable? If you’re considering buying a …