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	<title>New answer on: Is Universal Life Insurance A Tax Shelter?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/is-universal-life-insurance-a-tax-shelter</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Thu, 20 Jun 2013 22:27:01 +0000</pubDate>

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		<description><![CDATA[Universal Life Insurance can be a tax advantaged saving or investment product that can accumulate tax deferred and generate tax free distributions via withdrawals to basis after 15 years and/or policy loans of gain. However, the policy must be kept in force for the life of the insured or all policy loans of gain and internal policy loans will re-characterize as phantom income and taxed as ordinary income in the year of lapse or termination.
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