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Is the Cash Surrender Value of Life Insurance Taxable?
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A defaulting buyer who has paid for at least 2 years is entitled to a refund of 50% of the total payment made (cash surrender value) increasing by 5% yearly after 5 years, to a maximum of 90%. #MacedaLaw #refund #cashsurendervalue #cancellation #default | Gina Bontuyan Clarus
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A defaulting buyer who has paid for at least 2 years is entitled to a refund of 50% of the total payment made (cash surrender value) increasing by 5% yearly after 5 years, to a maximum of 90%. #MacedaLaw #refund #cashsurendervalue #cancellation #default | Gina Bontuyan Clarus
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