Living Benefits of Whole Life Insurance
* Tax-free source of cash
- Cash values can be accessed either as loans or withdrawals to cost basis and then loans
- Dividends can be taken in cash, as opposed to buying paid-up additions
* Supplemental income at retirement for Key Employees using
- Deferred Compensation Plan
- Section 162 Executive Bonus
- Split Dollar Plan
* Supplemental income at retirement for Individuals
* Out-of-pocket costs may be reduced as policy cash values grow
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