Universal Life Insurance question

Posted in Whole Life Insurance over 2 years ago, 0 replies

I have a Universal Life Insurance policy which I have paid into for 15 years, and it has a CASH VALUE of 30K. If and when I cancel the policy, is the CASH VALUE mine and is it taxable?
Avatar_thumbnail

Write a Reply


Your Name

Your Location in The World

Example: Seattle, WA
Optional: You may login or register for email notifications and to add a profile pic.

Show HTML Controls

I have photo(s) to upload with this reply.

Please Confirm You are Human