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Old 01-19-2008, 02:32 PM
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Join Date: Jan 2007
Posts: 8
Would overfunding a Permanent Life Insurance Policy have tax consequences?

Does anybody know if over funding a life insurance policy would have any negative tax consequences?

I am planning in put additional sums of money into my existing Prudential Whole life insurance policy, as my agent tells me that it might be a good idea as it tends to build the cash value up faster. But what are tax consequences of this and does this like a good idea??

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