Is The Surrender Value Of Whole Life Insurance Taxable As Normal Income Or As Long Term Capital Gains?
Posted November 28, 2009 – 4:55 am in: term life insuranceIf the surrender value exceeds the total of premiums paid into the policy you have, no doubt, had the policy for more than one year therefore the only the amount that exceeds the premiums paid into the policy would be taxed. That gain would be taxed as a long term capital gain.
On the other hand [...]
Has A Life Insurance Company Ever Refused To Let You Surrender Your Policy?
Posted May 2, 2009 – 10:18 am in: structured settlements FAQMy dad has a whole life insurance policy that he’s had for years and wants to surrender and get the cash value. The insurance agent has been giving him the runaround and trying to get out of sending him the forms to surrender the policy. Is this typical and what can you do about it?
5 Comments | Tags: Company, Ever, Insurance, Life, Policy, Refused, Surrender, YourWhat Does Term Life Insurance Mean With No Surrender Value?
Posted April 17, 2009 – 4:33 am in: term life insuranceIf I had a 15 year Term Life Insurance at $100,000. with no surrender value. What would it be at the end of 15 years. Can I collect the full amount on this type of insurance?
7 Comments | Tags: Does, Insurance, Life, Mean, Surrender, Term, Value, What, With
