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	<title>New answer on: Is Surrendered Life Insurance Taxable?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/is-surrendered-life-insurance-taxable</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 01 Jun 2013 21:22:08 +0000</pubDate>

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		<description><![CDATA[If you’re addressing permanent types of life insurance with accumulating values that exceed the original basis (contributions), i.e. gain, then you ‘ll have an ordinary income tax event at your effective tax bracket rate. And if you’re receiving Social Security the income generated from the surrender of the policy will also be included in the provisional income test for the taxation of Social Security benefits.
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