I called in today (Jan 16, 2024) to start the close process of the universal life insurance policy. Customer service told me they will be sending me some form to start the termination process. A bit confused on what she said regarding a 1099 will be issued before Jan 31.
There is cash value before tax of around $6800. Will this be for tax filing for next year (2025) and not this year?
Just making sure..
Thanks,
TT
