Twenty five years ago, Claudette purchased a $300,000 whole life insurance ponty whose current cash surrender value is $55,000. Recently was tostand had a stroke and is now paralyzed, Claudette would like to adapt her home to accommodate her husband's reduced mobility, but I wil counter $80. to do so. She plans on using the policy's cash surrender value to cover the cost and meets with her life insurance agent for advice. Cauda wood thethe obtain the necessary funds without triggering an additional tax liability. 

What should her agent tell her?

Answer rating: 100% (QA)

The agent could advise Claudette on several strategies to access the funds she needs without trigger... View the full answer