Posted by lillie (63.160.27.92) on June 19, 2003 at 04:51:52:
In Reply to: Re: Re: Re: Re: Re: Re: Cash Surrender posted by jax on June 18, 2003 at 22:45:24:
: : : :
: What she meant to say if you total cash values, including dividends exceed you total premiums, you cost basis, you will be taxed on the difference. :
: : Your right Jax, thanks for saying what I was trying to say. I most recently converted a 20CT and it had cash surrender value, but not loan value. Also converted 2 other terms that had dividend value but not cash surrender value or loan value. A month ago I may have argued the fact, but surprises never cease.
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