Posted by jax (66.25.36.240) on June 19, 2003 at 08:18:55:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Cash Surrender posted by KEN YOUNG on June 19, 2003 at 07:01:47:
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I can't believe that Ken Young is so stupid.
You can either add the dividends to the cash value and substract the premiums paid, or deduct the dividends from the premiums paid, then substract that result from the cash value. Six on way half a dozen the other.
Dividends decrease your cost basis. So it doesn't make any difference whether you substract dividends from the premiums paid, or add the dividends to the cash values. The result is the same.
Sorry Ken, you lose again!!
Ken stick to bashing and libeling posters, but don't try to get involved in the technical nature of life insurance. You are as lost as a goose.
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