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Matured VA policy

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    Matured VA policy

    Client is 97 years old. Had National Serviceman Life Insurance through VA since WWII. If not used, it matures around 96th birthday. Client received $24,884 ($10,000 face of policy) and ($14,711 additional paid up insurance which came from his non-taxable dividends being used to buy more insurance.). Is any of this taxable?

    Thanks in advance!
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