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Mortgage life insurance gives your family peace of mind. AA Members get a 5% discount on new policies, plus you may qualify for a 10% health and lifestyle discount depending on your answers to a few simple questions. Policy loans and partial withdrawals may vary by state, may generate an income tax liability, reduce available surrender value and reduce the death benefit, or cause the policy to lapse. 1Income tax free distributions are usually achieved by withdrawing to the cost basis (usually premiums paid), then using policy loans.
Publisher: Nabu Press (January 10, 2010)
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