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Subject:  Re: It's Whole Life - not annuities Date:  5/17/2012  11:51 AM
Author:  TwoCybers Number:  70694 of 81375

The only thing that makes me feel OK about buying, my surrender cash value is now more than my total premiums paid. So I tell myself that I'm now getting "free" insurance.

But if you take out the cash, you will get to pay income tax on everything greater than your premium total. Something I expect the insurance sales person glossed over.

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