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2. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The pure insurance portion is factored using the Internal Revenue Service (IRS) published Table I rates [3] (scroll to page 5). If using permanent insurance the portion calculated as the 'permanent benefit' takes into account premium(s) paid, accumulated and cash surrender value, and other policy factors. [4]

3. Modified endowment contract - Wikipedia

   en.wikipedia.org/wiki/Modified_endowment_contract

   Under U.S. tax law, all life insurance contracts share several tax advantages. Death benefits paid to beneficiaries are generally not taxable, and the growth of contractual cash value over time (sometimes called the inside buildup) is not taxed while the value stays inside the contract. The tax definition of life insurance is set forth in IRC ...

4. Cash value - Wikipedia

   en.wikipedia.org/wiki/Cash_value

   The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...

5. What is cash value life insurance? - AOL

   www.aol.com/finance/cash-value-life-insurance...

   How does cash value life insurance work? Cash value life insurance is permanent life insurance with a cash accumulation component. As long as premiums are paid, these policies are designed to last ...

6. What Is Cash Surrender Value? - AOL

   www.aol.com/finance/cash-surrender-value...

   What Is the Cash Surrender Value? With this in mind, here is everything you need to know about your life insurance policy’s cash surrender value and what you should consider before canceling ...

7. How to cancel a life insurance policy

   www.aol.com/finance/cancel-life-insurance-policy...

   Permanent life insurance policies, such as whole life or universal life, are designed to provide lifelong coverage, with maximum coverage ages ranging from 95 to 121, and typically include a cash ...