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Tag Archive: rules for withdrawing money from annuity contracts

Can You Withdraw Money From A Life Insurance Policy?

John CasaSanta

Question: Is it possible for me to withdraw some money from my policy? from Joanne A. in Chicago, IL Answer: YES!!!  Cash value life insurance policies are excellent ways to accumulate monies.  The great news is when you withdraw money from them they are considered tax free dollars.  During my twenty years of assisting families and business owners, I have established many “Tax Free” Retirement Plans.  By purchasing either a whole life or universal life insurance policy and contributing monies on a monthly or annual...

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