How to Become Your Own Banker


Here are four ways Universal Life Insurance policies can be beneficial: Life Insurance Policies Build Cash Value – Cash value, unlike the death benefit, is one you can use while you’re alive to borrow against or to reduce premiums down the road. The cash value of a Universal Life policy accumulates at a tax advantage basis, which means the money you withdraw is not taxed until the amount you withdraw exceeds your bases (the amount you have already paid in.)

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