The Tax Benefits of Cash Value Life Insurance
https://www.transamerica.com/knowledge-place/tax-benefits-cash-value-life-insurance
… have considered. Life insurance with cash value can help ensure that your loved ones are taken care of. Whole life, universal life, and index universal life insurance policies can all have … basis. And any loans you take out against the policy aren’t subject to income tax as long as you don’t exceed the basis of the policy. If you’d like to learn more about how a cash value life insurance policy might fit into your long-term plans, speak with your financial professional. Things to consider Add extra flexibility to …