Charleston, SC Sales Tax Rate. The current total local sales tax rate in Charleston, SC is 9.000%. The December 2017 total local sales tax rate was also 9.000%. Sales Tax Breakdown
Thus, borrowing money against a term life insurance policy is not possible most of the times, it is still recommended discussing it with the insurance company. During the discussion, first, a policy holder needs to ask his or her agent if borrowing is even a possibility.
A beneficiary generally cannot take out a loan on a life insurance policy unless the beneficiary is also the policyholder or has power of attorney to make financial decisions for the policyholder. The policyholder, who owns the policy and is responsible for paying the premiums. The insured, whose life is insured.