Hi, and thanks in advance.
I surrendered a Long Term Care policy, and received about twice the value of my paid premiums over the 20 years I had the policy. When I just called the company to inquire as to when I would see the 1099 I was told that the policy was "Tax-Qualified" and thus I was "grandfathered in", and would not receive a 1099.
I've been able to find very little about this situation, and am unsure if this is true, nor what it would mean. Any guidance is appreciated.
