Series 7: 8.3.8. Taxation Of Life Insurance Products

Taken from our Series 7 Online Guide

8.3.8. Taxation of Life Insurance Products

Life insurance premiums are paid with after-tax dollars, but the earnings in the account can grow tax deferred. If the policyholder decides to withdraw some of the cash value, the IRS uses a FIFO assumption. The principal is assumed to be withdrawn fi

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