blue Posted January 20, 2006 Posted January 20, 2006 When you report the value of life insurance for the 5000, do you use the cash surrender value or the face value?
rcline46 Posted January 20, 2006 Posted January 20, 2006 You are to report the Fair Market Value of all assets. The surrender value is the what the policy is worth, well at least a good approximation.
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