Paid Life Insurance

I have $ 50,000 in Life Insurance. Cash value is $ 17,000.?

Should I cash in and reinvest or just leave? The premiums will increase when I turn 54. I have 51 at this time. I am currently in good health. If sanctions to be effective through insurance or taxes?

To find if you owe income tax or not, you must calculate the total premiums you paid so far. If its greater than the amount of cash value, then you pay taxes income. If the cash value is greater than what you paid, then you will have to pay income taxes on profits. Regarding sanctions, the company insurance cancellation charges will apply when you surrender the policy. What a scam. That's like going to the bank and asking to close my bank account and I loaded money to close. I do not know how much you've saved for retirement now. If you do not have much saved, then I do a 1035 exchange and put the cash value in a variable annuity. As PrimeElite MetLife IV, which is the best equity investment in the industry.

Facts From Frank: CASH VALUE INSURANCE CAN BE VERY MISLEADING

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