Posted by lillie (63.160.27.144) on June 18, 2003 at 22:10:09:
In Reply to: Re: Re: Re: Re: Cash Surrender posted by lillie on June 18, 2003 at 21:59:32:
: : :
: : Only whole life policies have non-forfeiture values. Also, a whole life doesn't show how much the dividends are.
: : Call the company!
:
: : Some term also have cash surrender value; however most don't.
: The dividend value is always disclosed separately, if the cash surrendaer value exceeds the cost of the insurance you will pay taxes on the difference.
The dividend won't be disclosed the policy since they are not guaranteed, so you need a statement on the values of your policy from the company. I also forgot to add some term also have dividend value only. There are so many different types of policies that have been issued by many companies, it would be difficult of give your a one-size-fits-all answer. Contact the company.
:
Follow Ups: