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.
Insurance that covers such a loan is known as credit life/credit disability. Some policies cover only life, some. cover only disabilities, and others cover both. Credit disability is often called credit accident and health. insurance. Credit life insurance = decreasing term insurance. Credit life is similar to a special type of life insurance called âdecreasing termâ insurance. â¢ A credit life policy is issued for an amount equal to how much you owe. â¢ As your loan balance decreases, so does the face amount of the credit life policy.