Hello, I have a ACL policy from NWL. I understand that to access cash value, only the basis comes out tax free (because it went in taxed), but any earnings via dividends are taxable. So to access that money the best route is to take out a loan against the policy - with interest - and not pay it back. If the dividend rate is let's say 6% and the loan rate is 8%, doesn't this essentially wipe out the earnings?
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