The tax treatment of the cash surrender value of life insurance depends on several factors. Generally, the cash surrender value is not taxable as long as it does not exceed the total premiums paid for the policy. However, if the cash surrender value exceeds the total premiums paid, the excess amount may be subject to taxation. It's important to note that the tax treatment may vary depending on the type of life insurance policy and the specific circumstances of the policyholder. Additionally, if the policyholder surrenders the policy and receives the cash surrender value, any gains on the policy may be subject to capital gains tax. It's recommended to consult with a tax professional or financial advisor for personalized advice regarding the tax implications of the cash surrender value of life insurance.