a022mil
If you carry whole life insurance and have borrowed on it over the years and you want it strictly as a lifetime death benefit, say you die at ages anytime between age 80 and age 110- will your life insurance still be around with a tax free death benefit, I have heard that some policies mature at age 90 to 100, and when maturity happens, if you have a large loan and a gain on the policy you could be facing a very, very large taxable event which I believe that most people are not aware of,---please advise!