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.
One caution: Whatever amount you borrow from the life insurance policy reduces the amount your beneficiaries will receive when you die. So try to get on a repayment plan to put the money back as soon as you can. At a minimum, you'll have to pay interest on the loan annually.