My husband retired in February 2020 and we are contemplating cashing in some life insurance policies that have dividends and also accumulated cash values? Where can I go to try and estimate how much t
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My husband retired in February 2020 and we are contemplating cashing in some life insurance policies that have dividends and also accumulated cash values? Where can I go to try and estimate how much t
My husband retired in February 2020 and we are contemplating cashing in some life insurance policies that have dividends and also accumulated cash values? Where can I go to try and estimate how much t
Contact the life insurance company that issued the policies. They'll be able to tell you how much of your cash-in proceeds will count as taxable income.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
My husband retired in February 2020 and we are contemplating cashing in some life insurance policies that have dividends and also accumulated cash values? Where can I go to try and estimate how much t
generally paid up policies with cash value are very valuable and keep growing, and the agent will try to get you to close those and start a new policy. You should be careful.
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