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In response to
"Does anyone have any experience 'cashing in' a life insurance policy? (not, you know, the hard way)"
by
Dr.Vermin
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Are you talking about whole life? My understanding is that the cash value in that is basically like an IRA
Posted by
oblique (aka kkuphal)
Mar 18 '13, 11:31
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and depending on the funds that were put into it, you have the same withdrawal penalties and tax implications. But don't quote me on that
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