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.
Definition of clean. 1  transitive verb. 2  1a : to make clean: such as (1) : to rid of dirt, impurities, or extraneous matter clean a wound (2) : to rid of corruption vowing to clean up city hallb : remove, eradicate âusually used with up or off clean up that mess.