See the tax advantages and downsides.

Life insurance is designed to provide financial protection, but life happens, and your needs might shift. If you have a permanent policy, it could have built-up cash value, giving you the option to ...

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

Permanent life insurance policies generally grow cash value that you can borrow from or withdraw for any reason. The way the cash value grows depends on the type of life insurance policy. The cash ...

Cash value life insurance is a type of permanent life insurance that uses your monthly premiums to build value within the policy. Cash value life insurance combines the benefits of life insurance with ...

Life insurance is an essential financial tool that provides protection and financial security to your loved ones in case of your death. By purchasing this type of policy, you're ensuring that your ...

Life insurance for the affluent offers tax-free inheritance, investment growth, and wealth protection. Discover these ...

Life insurance is an important part of a financial plan as it is the only way to protect family members or others from the loss of someone’s ability to earn income over the course of their lifetime.

These complex products tie cash value growth to the performance of an index, but it’s important to understand the limitations ...

During the recently concluded 2022 National Council of Insurance Legislators (NCOIL) Summer National Meeting in Jersey City, NJ, the organization unanimously adopted a Resolution Identifying Certain ...

If you’re reading this post, you survived the Thanksgiving holiday – hopefully, without much family drama.[i] Then again, there may have been moments, inspired by an overload of obligatory ...

Cash value life insurance combines lifelong coverage with a savings component. The savings accumulate over time and can be accessed through loans or withdrawals. Premiums for cash value life insurance ...