My Parents Took Out A $6k Life Insurance, Cash It In?
Posted November 24, 2009 – 10:21 pm in: structured settlements FAQI can cash it in right now for like $2600. I really do not need a $6000 life insurance policy do I? I have insurance through my wife’s work.
5 Comments | Tags: Cash, Insurance, Life, Parents, TookCan An Insurance Company Make Me Pay Taxes On A Loan I Took Out Against My Life Insurance Policy?
Posted October 26, 2009 – 4:26 pm in: structured settlements FAQI took out a loan on a life insurance policy. the premiums i paid had twice exceeded the amount my beneficiaries would recieve if i died. I was told that if i didn’t repay the loan the only penalty would be that amount would be deducted from the pay out if i should die.I did [...]
3 Comments | Tags: Against, Company, Insurance, Life, Loan, Make, Policy, Taxes, Took
