First of all, certain types of cash value life insurance policies (e.g., variable and traditional whole life policies) may not allow you to withdraw from your cash value at all. If your policy does allow such withdrawals, any withdrawal you...
http://www.axa-equitable.com/life-insurance/plan/tax-fr...
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If the insurance policy lapses due to nonpayment of the premiums or the exhaustion of the cash surrender value or investment fund, the policy owner does not have a deductible loss for any remaining basis in the lapsed policy. ... This is a significant increase from the gift tax value that, for a whole-life policy,
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www.nysscpa.org/printversions/cpaj/2007/407/p60.htm
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Definition of "Cash Surrender Value" ... This does not apply to term insurance but only to those policies which have reduced paid up values and cash surrender values. A cash surrender in lieu of death benefit usually has tax implications.
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www.totalreturnannuities.com/annuity-glossary/c/cash-su...
www.totalreturnannuities.com/annuity-glossary/c/cash-surrender-value.html
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Look in the policy for the table of cash values. There may be TWO columns. Cash and Surrender value. If you give up the... ... Death benefit proceeds are tax free with properly designated beneficiaries. In cash value policies the cash values could be...
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wiki.answers.com/Q/FAQ/1851-1
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cash surrender value, life insurance policy, life insurance company: Dan, Thanks for your question. The life insurance company has handled this properly. When you take the cash surrender value of your life insurance policy, the proceeds are reported (by law) on a 1099-R. However, you are taxable only on the amount of...
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en.allexperts.com/q/Tax-Law-Questions-932/1099-B-Versus...
en.allexperts.com/q/Tax-Law-Questions-932/1099-B-Versus-1099.htm
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However, if the $25K was recognized in a 1099-B, the tax liability is $3K. Wouldn't a 1099-B be more appropriate since the gain was the selling of mutual funds and not the cash value of a life insurance policy? ... When you take the cash surrender value of your life insurance policy, the proceeds are reported (by law) on a 1099...
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en.allexperts.com/q/Tax-Law-Questions-932/1099-B-Versus...
en.allexperts.com/q/Tax-Law-Questions-932/1099-B-Versus-1099-1.htm
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Dear Tax Talk, I have been paying for whole-life and variable-life insurance policies for the last 13 years, and now have a significant cash-surrender value in the policies. I know term would have been cheaper but, at the time, it seemed prudent to lock in something permanent.
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www.bankrate.com/brm/itax/tax_adviser/20050830a1.asp
www.bankrate.com/brm/itax/tax_adviser/20050830a1.asp
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cash surrender value is ... ... Search volume for cash surrender value ... cash ratio; cash receipt; cash reserves; cash sale; cash settlement cash surrender value; cash taxes; cash transaction; cash value; cash value insurance; cash value life insurance policy...
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www.investorwords.com/785/cash_surrender_value.html
www.investorwords.com/785/cash_surrender_value.html
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The IRS is allowing taxpayers to change the future tax exposure of the cash-surrender value in excess of premiums, if they terminate the split-dollar arrangement before 2004 or treat the premiums paid as a loan to the insured.
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financial-dictionary.thefreedictionary.com/Cash-surrend...
financial-dictionary.thefreedictionary.com/Cash-surrender+value
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