Life insurance cash value is generally not considered taxable income as long as it remains within certain limits and conditions. The cash value of a life insurance policy grows tax-deferred, meaning that you do not have to pay taxes on the growth of the cash value as long as it remains within the policy. However, if you surrender the policy and receive more money than the total premiums you paid, the excess amount may be subject to taxation. Additionally, if you take out a loan against the cash value of the policy, the loan amount is not considered taxable income, as it is essentially a loan from the insurance company using the policy's cash value as collateral. It's important to note that tax laws can vary by jurisdiction and individual circumstances, so it's advisable to consult with a tax professional or financial advisor for personalized guidance on the tax implications of life insurance cash value in your specific situation.