Yes. Any time a fund generates income, the IRS will tax it at
some point. Whole life insurance policies accumulate cash value, and you have
to pay taxes on the cash value that accumulates over the life of the policy
when the insured dies.
Yes. Any time a fund generates income, the IRS will tax it at
some point. Whole life insurance policies accumulate cash value, and you have
to pay taxes on the cash value that accumulates over the life of the policy
when the insured dies.