If my clientâs policy matures prior to the insuredâs death, the policy will typically pay out its cash value. How will this sum be taxed? If the policy matures prior to an insuredâs death, it ceases to be life insurance and is treated as a taxable distribution. As such, the cash value will be taxed as ordinary income to the extent it exceeds the taxpayerâs basis into the policy (i.e., the sum of after-tax premiums) .
flush - a sudden rapid flow (as of water); he heard the flush of a toilet; there was a little gush of blood; she attacked him with an outpouring of words Synonyms: gush, outpouring 7.
A fixture used for urination and defecation, particularly those with a large bowl and ring-shaped seat which use water to flush the waste material into a septic tank or sewer system. [from 19th c.] My toilet backed up. Now the bathroom's flooded. (figuratively) A very shabby or dirty place.