If I borrow from cash values of my whole life insurance policy, are loan interest payments tax deductible?
Public Comments
- No.......you need to trash your whole life policy and buy level premium term. Insurance that accumulates cash values is a terrible investment and eats your money. \
- that kind of interest has not been deductible for over a decade
- No. Personal interest lost its tax deductibility in the 80's.
- No.
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