Single Premium Annuity

This has occurred since the early 80s and I was thinking of cashing in insurance for further term
pay the debt off. Any advice?

Pay off debt that can be used as a tax credit and there will be no consequences. Home mortgages, credit cards companies, the energy efficient home improvement tax credits large. And pay 2.4% of federal taxes when you cash in. This will help you break even if you make over 75,000 per year.