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re: Term or Whole? Insurance
Posted on 4/30/14 at 3:10 pm to lsu13lsu
Posted on 4/30/14 at 3:10 pm to lsu13lsu
It is a loan, but a loan you don't have to pay back. If you do, it goes right back into the policy, and you have access to it the next day. Think of it like being your own bank. Basically, the cash value account can be accessed while you are living, or help increase your death benefit. If you take the money while you are alive, then your increase in death benefit is decreased by that amount. All of this is tax free as long as the policy is in force.
This post was edited on 4/30/14 at 3:11 pm
Posted on 4/30/14 at 3:11 pm to GoCrazyAuburn
Just a random observation, it seems like these threads always are at their highest volume during the spring. I wonder why that is?
This post was edited on 4/30/14 at 3:12 pm
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