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 [...]
