Unpaid loans and withdrawals reduce dollars values and policy benefits and can also lessen the duration on the promise versus lapse; this might cause the plan to lapse and/or have tax consequences. If a policy is a Modified Endowment Contract (MEC), distributions (including loans) are taxable on the extent of https://dave-ramsey-iul12120.ampedpages.com/5-simple-techniques-for-iul-quote-60009341