jeb56, you asked:<< I have a little over $200K in cash value in whole life policy my company owns. This was created for me. Sort of "Golden Handcuffs."If company agreed, could policy be cashed in and proceeds put into my name and rolled into CD's or something else interest-bearing, without creating a taxable event? >>To what extent there may be a taxable event DEPENDS on just how this policy was set up/paid for. Just how you might want to "roll" the proceeds over to you will depend on how this thing is set up and what the company is agreeable to. What you'll need to do is sit down with your company administrator or the company owner (if it's a small business) along with the life insurance agent assigned to this policy. You'll need the expert help of the insurance agent to get to know just exactly what your options are and what the effect might be. At that point, you may also want to consult a tax accountant to see what makes the most sense for YOU.
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