Yes, the cash value growth in an IUL policy grows tax-deferred. Withdrawals up to the amount paid into the policy are generally income tax-free. Additionally, the death benefit is typically income tax-free to beneficiaries.
Yes, the cash value growth in an IUL policy grows tax-deferred. Withdrawals up to the amount paid into the policy are generally income tax-free. Additionally, the death benefit is typically income tax-free to beneficiaries.
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