The yearly life insurance company statement only shows Increase in cash value Increase in death benefit It is fully paid up, so no more premiums.
Since the cash value is a real asset that I can borrow, I am now thinking the increase in cash value should be done as Non-taxable income. However, I still have no idea how to do the future death benefit. It is not an asset of mine. It might be an asset of my wife (if I die first). Or, it might be an asset of my son (if I die after my wife). On Sat, Apr 23, 2022 at 10:40 AM Fred Tydeman <tydeman.f...@gmail.com> wrote: > Suggestions on how to record for whole life insurance: > Premiums paid > Increase in cash value > Future death benefit > > I think some of that is like the Degas painting example in the Tutorial > in that the increase in cash value is an Unrealized Gain. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
