by spinks » Thu Jul 15, 2010 06:24 pm
My company has a Key Man policy with me listed as the owner. The company pays the premiums. We are now looking to surrender the policy. It looks like this would be a taxable event for me. Is this so and if so, can I have the taxes withheld? I am not leaving or retiring from the company; we have just decided to surrender these policies.
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