life insurance options for a terminating plan

By Guest lindamichals
March 19, 2003 in Distributions and Loans, Other than QDROs

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What are the options for a plan that is terminating, with life insurance policies that has CSV accumulated?

1)surrender CSV and take as cash? I thought I read somewhere surrendered CSV cannot be rolled over.

2) Assume the life insurance policy as an individual policy? What happens to the csv from the plan? How is it treated as a distribution? Lump sum?

Thanks.

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