
Withdrawing Funds from Life Insurance
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
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Withdrawal Strategies from Whole Life Insurance Policy
The chapter delves into a listener's query about withdrawing funds from their whole life insurance policy without facing capital gains tax. The hosts provide insights on the financial situation, including assets and retirement accounts, while discussing various strategies like surrendering the policy or borrowing from it. They emphasize understanding tax implications, evaluating current policy value, and considering forward-looking insurance planning for a comprehensive financial approach.
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