0

Basically, a person can withdraw a limited amount of cash from his or her whole life insurance policy. As a matter of fact, a cash-value withdrawal up to your policy basis, which is the amount of premiums you have paid into the policy is typically non-taxable.It is noteworthy, that withdrawing money or borrowing money from your life insurance policy can reduce your policy’s death benefit or wipe it all together.

Marked as featured question