I just received the surrender forms. Looks like I can elect to not have any tax withhold on my surrender value and pay at tax time or go to the site you specifi...
Is this considered ordinary income? Lets say I plan to retire soon and don't plan to have any other income, would it be better to withdraw from the policy then?
Good to know. Last year when I did my tax (got the warning)and posted a question here. I was told to ignore it (I never looked at the actual number to see if it...