Life insurance policy owners can make a full or partial withdrawal of their cash value. This cash value will only be taxable, however, when __________.

Question

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Life insurance policy owners can make a full or partial withdrawal of their cash value. This cash value will only be taxable, however, when it is worth more than what the policy owner has paid into the policy. If the policy owner withdraws less than what they have paid into the policy, then they will not be taxed on that withdrawal.

Life Insurance Policy Owners Can Make a Full or Partial