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	<title>New answer on: Is The Cash Surrender Value Of Life Insurance Taxable?</title>

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		<title>By: Gary Lane</title>

		<link>https://www.insurancelibrary.com/life-insurance/is-the-cash-surrender-value-of-life-insurance-taxable</link>

		<dc:creator>Gary Lane</dc:creator>

		<pubDate>Fri, 03 Jan 2014 20:40:11 +0000</pubDate>

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		<description><![CDATA[Cash surrender value comes only with Whole Life Insurance, never with Term. It is the amount you can terminate your policy and receive. That amount includes both what you put in and what profit you made. The profit is taxable, just as most profit would be taxable. A far better idea would be NOT to surrender your Whole Life Policy, but instead to keep it and borrow against it and either then not repay it or choose to repay it as you wish. You continue to grow in value, even when the loan is out, and your policy stays in force, although the death benefit is reduced by the loan until it is paid back. There are numerous option you should discuss with a qualified agent. Gary Lane, Registered Representative, New York Life, 949 797 2424. Call anytime. Thank you.]]></description>

		

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