Lic Single Premium Whole Life Policy

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When it comes to a whole life insurance policy, it provides cash value with no expiry date that helps you to borrow within such a policy.

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If the policyholder has arranged for the insurance company to hold the policy for a few months before transferring it to the beneficiary, then the interest earned in that interim period would usually be taxable. Your whole life insurance for which will attempt to whole life insurance?

The premiums stay with same, however.

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