Why did I receive a 1099-R for a life insurance policy?

Why did I receive a 1099-R for a life insurance policy?

If you own a life insurance policy, the 1099-R could be the result of a taxable event, such as a full surrender, partial withdrawal, loan or dividend transaction. If you own an annuity, the 1099-R could be the result of a full surrender, a partial withdrawal or the transfer of the contract to a new owner.