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 flushed : tinged with red especially in the face (as from shame, illness, heat, or physical exertion) Her mother, inclined at first to attribute her complaints to moping, took a second look at her flushed cheeks and put her to bed. âElizabeth George Speare The man opposite looked flushed. â¦