This is WHY Wealthy People are Attracted to Whole Life Insurance! | IBC Global

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#Finance #WholeLife #Insurance
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If premium payments stop after 5 years, how is the policy sustained for the rest of the years, while the cash values grows.

FaridaSultanaIchoosesuccess
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Comment then question...

Comment-- some policies pay dividend while others provide a "return of premium" (ROP)

It's my understanding dividends ARE TAXABLE", and ROP is not taxable.

Is my understanding correct?

It's also my understanding that use of phrase ROP is merely tax law semantics to make ROP non-taxable?

Is that correct?

myheloctutor