1099 interest income This interest reported on 1099 int was not paid to me. Applied to future life insurance. Is it still taxable earnings?

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1099 interest income This interest reported on 1099 int was not paid to me. Applied to future life insurance. Is it still taxable earnings?

Yes, it still is taxable income to you.

You could have them stop applying it to future insurance and get the money directly.

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