No but what you do with the money may be taxable.

None of of the borrowed money would be taxable income to you when you receive it.

Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.

Determining if the benefits are taxable depend supon whether the premiums were paid before or after taxes. If before taxes, the disability income you receive is taxable. If youpremiums were paid after taxation, the disability income benefits you receive are not taxable.

YES it is possible that you could receive some taxable income from the trust that you would have to report on your 1040 federal income tax return.