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Cheery has a G2 Universal Life policy that he has been depositing extra premiums into the cash value to take advantage of the tax-sheltered investment
Cheery has a G2 Universal Life policy that he has been depositing extra premiums into the cash value to take advantage of the tax-sheltered investment growth for the past twelve years. The following table shows his UL cash value from the 6th anniversary to the 12th anniversary of the policy. Year 6 $3,300 Year 7 $6,300 Year 8 $7,100 Year 9 $9,400 Year 10 $12,500 Year 11 $17,900 Year 12 $22,000 Would his policy have been subject to the "Anti-dump-in" rule in any of the years? If so, in which year?
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