What are the taxes on cash surrender of insurance?

What are the taxes on cash surrender of insurance?
How much is the surrender value compared to the premiums paid in? Answer Generally speaking, there is no tax on the cash surrender value of a life ins. policy.This is because the (guaranteed) cash surrender value (GSV) represents the "legal reserve" required by law.So, for instance, if a person is insured for $100k, and the policy has a GSV of $10k, when the insured person dies (assuming no policy loans, etc.) the death benefit of $ 100k is paid to the named beneficiary: $ 90k of the insurance company's $'s, and $ 10k of the insured's $'s.Had the insured taked a policy loan of $10k, then the death benefit would be only the $ 90k.Hope this helps.