Subject: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Cash Surrender

Comments:
: : : : : : : 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. : : Ken is wrong dividends actually have no relevance when cash surrendering a policy. The total cash value of the policy is considered and if it exceeds the cost basis the amount in total will be taxed. If not no taxes owed. : Ken I think it has been to long since you have been in the business to be giving advice on this board. I think you are suffering from a little old-timers-disease

Please enter the characters in the image above.