What Are Life Insurance Gains?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    When money is taken out of an existing life insurance policy and the amount taken exceeds the total of premiums paid it is considered a gain and can be taxed as such.  In such a situation the insured will often borrow the money from the policy.  There may be additional tax considerations
    Answered on February 12, 2014
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>