Is There Any Tax Liability?

Mike writes, my wife has a 50 thousand dollar universal life insurance policy. We haven't paid any premiums into the policy for several years. Should we treat this policy as term life and let it run out? Or should we cash it out now and invest it? Cash out and invest it. I'll take that 67 hundred bucks. Just double check to see whether or not you have any tax liability,. Because it's an old policy, there may be some. Jill schlesenger, loks like a double c h in there. Sless sless s l pretend there's no c h in their gang.