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Question for the Money Doctors

Question submitted on Apr 23, 2013.

Question

if i would of close universal life insurance paid surrender fees and take the premium losses in the last 8 yrs walk a way with cash value which was a loss. however, can i write off the portion of cost & losses that the company used to invested in the last 8 yrs by transfer into brokerage acct.??

Answer

Hi, I''m afraid that I don''t completely understand what you are trying to ask. From my understanding of what you are asking, no, you cannot write of the losses. Please visit www.feedthepig.org for more information.


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