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2. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The cost of employer-provided group-term life insurance on the life of an employee's spouse or dependent, paid by the employer, is not taxable to the employee if the face amount of the coverage does not exceed $2,000. This coverage is excluded as a de minimis fringe benefit. Some cases may allow more. [5]

3. Are life insurance loans a bad idea? - AOL

   www.aol.com/finance/life-insurance-loans-bad...

   Pros. Cons. Loans are tax-free up to your cost basis: You can borrow against your policy’s cash value tax-free as long as you stay within your cost basis. Cash value takes several years to ...

4. Modified endowment contract - Wikipedia

   en.wikipedia.org/wiki/Modified_endowment_contract

   A modified endowment contract (MEC) is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable gains first as compared to ...

5. What is cash value life insurance? - AOL

   www.aol.com/finance/cash-value-life-insurance...

   One of the unique features of cash value life insurance is the ability to borrow against the policy’s cash value. These loans don’t require credit checks, and they come with flexible repayment ...

6. The Pros and Cons of Borrowing Money From Your Life ... - AOL

   www.aol.com/finance/pros-cons-borrowing-money...

   “Borrowing from a life insurance policy refers to taking a loan against the cash value of a ... life policy with an accumulated cash value, ... 10 Hours of Work a Year. Pro: Tax-Deferred Growth ...

7. Cash value - Wikipedia

   en.wikipedia.org/wiki/Cash_value

   The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...

8. What happens if you outlive your term life insurance? - AOL

   www.aol.com/finance/happens-outlive-term-life...

   Cash value component: These policies include a tax-deferred cash value component, which grows over time. The cash value can be used as collateral for a loan or withdrawn. The cash value can be ...

9. Corporate-owned life insurance - Wikipedia

   en.wikipedia.org/wiki/Corporate-owned_life_insurance

   Interest incurred on indebtedness has historically been deductible, (although the deduction of "personal" interest was largely eliminated in 1986), and in the 1950s a type of "leveraged insurance" transaction began being marketed that permitted an insurance owner to in effect deduct the cost of paying for insurance by (1) paying large premiums to create cash values, (2) "borrowing" against the ...