Guest amm19 Posted June 3, 2003 Posted June 3, 2003 A plan that is participat directed holds several life insurance policies. Participants have investment direction and want to surrender these policies. While I have seen many messages regarding life insurance in the threads regarding similar situations, they lead me to believe they surrender these policies at cash value and the participants use the proceeds to purchase mutual funds within the plan. Is this correct? Are there any tax consequences we should be aware of with the insurance surrender? Thank you for your help in advance.
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