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.
It can take many years to build up any significant cash value in a permanent life insurance policy. In the early years of the policy, there may be little value, if any, to borrow against: Risk of reduced payout: The death benefit will be reduced If you donât repay the loan during your lifetime: Risk of losing coverage