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

Comments:
: : : : Folks, I have been in the business 10 years longer than Ken Young. I have never had to collect a debit (premiums) for a company for a small salary , as Ken did, as I was able to make an outstanding income on commissions alone. I was not asked to "retire" early as Pru. did to Ken Young, and reduced his pension by 1/3. That is why he has to write CE courses to make ends meet. I am now and have been for many years an MDRT Qualifying member. I have proven that Ken Young never Qualified. : : So, rather than address each piece of mis-information presented in this post by the BOARD CLOWN( Ken Young), read my most recent post about the taxation of the cash surrender value of life insurance. : Thanks for reading this long post. : : : : : : : : I can't believe that Ken Young is so stupid.------------------>>>>>>> NEITHER CAN ANYONE ELSE BELIEVE WHAT YOU BELIEVE. : : YOU SIMPLY HAVE NO IDEA OF HOW THE TAX STRUCTURE WORKS ON PARTICIPATING CASH VALUE LIFE INSURANCE AS THE IRS LOOK AT IT. : : NEWS FOR YOU "BOZO". DIVIDENDS RECEIVED ON PARTICIPATING POLICIES ARE TREATED JUST AS THEY HAD NEVER BEEN RECEIVED AS A REFUND OF UNUSED PREMIUM, BY THE INTEREST ON THOSE DIVIDENDS ARE REPORTED AS INCOME FOR TAX PURPOSES. : : YOU NEVER MENTIONED THAT THE PERSON MUST ADD THE INTERERST TO THEIR TAX LIABILITY. : : : 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. ------------------------------------->>>> NO TRUTH TO THAT STATEMENT. : : WOULD YOU LIKE TO TAKE THE KEN YOUNG $50,000 CHALLENGE, IGNORAMUS? : : : 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. ----------------------------------------------------->>>>> ALTHOUGH DIVIDENDS REDUCE THE COST BASIS OF A POLICY PREMIUM, THEY ARE TREATED AS UNREPORTABLE FOR TAX PURPOSES. HELLO "IGNORAMUS" : : YOU ARE COVERING UP YOUR FIRST STUPID RESPONSIVE ERROR OF NOT UNDERSTANDING WHAT THE INQUIRER WAS ASKING FOR HELP ON AS TO THE INITIAL QUESTION AS TO WHAT THE CASH SURRENDER VALUE WAS, AND NOW YOU ARE USING YOUR MISTAKEN INTERPRETATION OF MIND READING WHAT YOU MISTAKENLY THOUGHT THEY MEANT WITH YOUR ERRONEOUS TAX INFORMATION WHICH IN ITSELF HAS NOTHING TO DO WITH THE QUESTION THE INQUIRER ASKED. : : THE POSTER KEITH IS AS NUTZY AS YOU ARE IF HE THINKS YOU ARE A LIFE INSURANCE EXPERT. : : YOU ARE FOOLING NOBODY, BUB. YOU AND I BOTH KNOW WHAT YOUR REAL NAME IS, DON'T WE, AND NO MATTER HOW MANY TIMES YOU POST UNDER THE NAME OF KEITH AND JAX, YOU CAN ONLY FOOL THE NAIVE. : : : Sorry Ken, you lose again!! -------------->>> SORRY JAX/STEVE, IT IS YOU WHO LOSES AGAIN JUST AS YOU HAVE LOST TIME AND TIME AGAIN IN YOUR STUPID KENWARS. : : I CAN HARDLY WAIT TO PERSONALLY SEE YOUR MOM AND POP AGAIN TO FACE THEM ONE ON ONE. : : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : : : 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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