In a variable universal life insurance policy, is the growth on the cash value tax free upon withdrawal?

Public Comments

1. no, but you don't pay taxes till you do withdrawal
2. Most people buy a VUL for life. The death benefit is tax free as long as it goes straight to the beneficiary. If the VUL is funded properly and the sub-accounts are invested responsibly there is a good chance that the death benefit will grow. For more on permanent life insurance: http://www.findlocalinsurance.com/permlife.html
3. No.... it's not tax free. Best bet: Buy term from a reputable "low load" company & invest the difference. Commisions on Whole Life, Universal Life & Annuities are rediculous.... Look at 20 or 30 year fixed premium term policies as a best bet.........
4. You can withdrawal all the cash value up to your cost basis with no tax consequences. Anything you withdrawal above your cost basis will be taxed unless you take a loan. For example if you pay in 50K and the cash value is 75K, you would be able to take the first 50 without taxes. You can loan against the policy to get the rest tax free but if you happend to lapse or cancel the policy you would pay income tax on that loaned amount.