Life Insurance Policy Loans: Tax and Other Implications As the owner of a life insurance policy, you can generally borrow the policy’s cash surrender value and use the proceeds for any purpose. Before you take a policy loan, be sure you understand [more...]
Mar 262011
Life Insurance Basics Life insurance is an agreement between you (the insured) and an insurer. Under the terms of a life insurance policy, the insurer promises to pay a certain sum to a person you choose (your beneficiary) upon your death, in [more...]
