Tax Consequences for Accelerating Benefits?

[LGilmore]

I apologize, I should have posted this question on the life forum. On a life policy, are there potential tax consequences when the death benefit is accelerated. I understand that there generally are not on the actual death benefit.

Suggest you read the accelerated death benefit rider pages on your application kit. They usually spell things out pretty clearly. If I recall the IRS doesn't tax the benefits if death occurs within 24 months of surrendering that portion of the death benefit, but it's been years since I've reviewed it. Might have changed. Next app I write, I will take another look.

Your application should tell you what you need to know.