Code Section 79 Group Term Life Insurance Permanent Benefit Plan

Like all permanent life insurance policies, your policy accumulates cash value on a generally tax-deferred basis and distributes a federal tax-free death benefit to

6 Tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2) policy remains in force until death;

Life insurance products are designed primarily to provide an income tax free death benefit, but permanent life insurance policies also have a cash value, which if variable, is

(C) If the employee dies prior to retirement or while benefits are being paid, the employer receives a federally income tax-free life insurance death benefit that can be used to

Loans and partial withdrawals will decrease the death benefits and cash value of your life insurance policy and may be subject to policy limitations and income tax.. In

Generally the benefit paid under this policy will not be assessable for income tax purposes nor will the premiums be tax deductible where Funeral Plan cover is taken out for

* For federal income tax purposes life insurance death benefits generally pay income tax-free to beneficiaries pursuant to IRC Sec. In certain situations however life insurance

2 For federal income tax purposes, tax-free income assumes, among other things: (1) withdrawals do not exceed tax basis (generally, premiums paid less prior withdrawals); (2)