Insurance products are fixed or indexed and are not an investment in the equity markets. Performance is subject to the claims-paying ability of the issuing carrier. Death benefits are generally received income tax-free under IRC §101(a). Policy loans and withdrawals are generally not subject to federal income tax provided the policy is not a Modified Endowment Contract (MEC) under §7702A and remains in force. Outstanding loans and withdrawals will reduce the policy’s cash value and death benefit. A policy lapse or surrender with an outstanding loan may result in taxable income. Crossfield Strategic Partners (CSP) does not provide legal or tax advice; consult with your independent professional advisors regarding your specific situation.