Swiss taxes when cashing out life insurance

If I were to cash out my Swiss life insurance policy, would that money count as taxable income?

Greetings,

Permanent life insurance polcies which are paid for via fixed, regular premiums can normally be cashed out on a tax-preferred basis.

Permanent life insurance policies which are purchased with a single, lump-sum premium can be cashed out on a tax-preferred basis if the policy is taken out before the policyholder turns 66 years old and is not cashed out within the first 5 years of the insurance term. Additionally, the policy must be cashed out after the policyholder turns 60 years old.

Best regards from Moneyguru

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