I payed in full nearly 20 years ago for variable life span insurance through prudential. I woudls like to surrender it in a minute and its worth 80,000, I only purchased it for 50,000. Can anyone make available me any information about how much the fees are going to be and how much I would actully capture back if I surrened it.
thasnks
Answers: You are beyond the point where on earth there are surrender charges. You will receive back 100% of the currency value. You will owe taxes on $30K (the amount of the money over what you salaried in.)
thasnks
Answers: You are beyond the point where on earth there are surrender charges. You will receive back 100% of the currency value. You will owe taxes on $30K (the amount of the money over what you salaried in.)