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Article Date:
January 2006


Word Count:
145

 

 

Life Insurance Loan


In connection with my question on mortgage interest (see the “Mortgage Interest” article in this issue), say the lender who provides the $4 million mortgage will also lend money for a life insurance policy, charging me only 5.5% interest on the life insurance loan. At the end of 10 years, there will be enough money in the investment account to pay off both the mortgage loan and the insurance loan. Is the interest on the insurance loan deductible? ... Log in to view full article.

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