In the intricate landscape of personal finance, life insurance stands as a pillar of security, providing individuals with a means to safeguard their loved ones and build a lasting financial legacy. However, as life unfolds and circumstances evolve, policyholders may find themselves contemplating a decision that carries significant financial consequences—surrendering a life insurance policy for its cash value. While this choice can offer immediate liquidity, it is not without its complexities, particularly in terms of the tax implications involved. In this in-depth guide, we will delve into the multifaceted realm of policy surrender consequences, shedding light on the potential tax…