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| What are the tax advantage of |
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| cash value insurance? |
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| Interest
earned on cash value avoids |
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| immediate
taxation |
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| Taxes
must be paid when interest is |
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| paid out or
policy is surrendered |
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| Pay
out may be avoided by a policy |
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| loan |
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| Beneficiaries
receive a tax-free payout |
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| at death of
insured |
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