Should I talk to a tax professional first?
On this page
The short answer
Yes, especially before accepting an offer. A tax professional can explain how the proposed proceeds fit your tax situation.
What to know
Yes, especially before accepting an offer. A tax professional can explain how the proposed proceeds fit your tax situation.
Before you decide
Bring the proposed offer, premium records, current surrender value and policy-loan information. Discuss federal and state taxes and any effect on benefits or estate planning before you decide.
General information, not tax, legal or financial advice. Rules and circumstances vary. Consult a qualified professional before making a decision.
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