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New Member
posted Apr 23, 2023 11:47:46 PM

Do I report critical illness insurance cancellation premiums? If so where?

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1 Replies
Moderator
Apr 29, 2023 4:41:29 AM

A return of premium at cancellation from a critical illness insurance policy is tax-free when none of the premiums paid have been deducted, and represent no more than the total premiums paid.