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.
The most common reasons why most people borrow against their life insurance policy are losing their primary source of income when they still need to pay bills, their mortgage or rent, and other living expenses, or a medical catastrophe such as a life-threatening, advanced-stage illness.