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Question about life insurance qualified or non-qualified
I took a partial withdrawal from the cash value of my private life insurance policy. TurboTax asks if this is a qualified or non-qualified plan and lists life insurance as a non-qualified plan. However it also adds "(if distribution is full payment)". Full payment of what? Is this considered a non-qualified plan? The plan is still in effect.
Thanks
‎February 6, 2025
3:42 PM