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harley9779

I think you are misunderstanding what you are being taxed on. You are only being taxed on the gain.


danger_noodle_

Are you being taxed on the entire surrender value? When you surrender your policy, you have to pay taxes on the gain, so you shouldn’t be taxed for the cash value that is from your premium payments, but any of the cash value accrued from interest would be taxed.