A life insurance death benefit is paid tax-free and there are tax-advantaged ways to access cash value ...

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

Broadcast Retirement Network's Jeffrey Snyder discusses the taxes associated with receiving benefits from life insurance and long-term care insurance policies with The Warner Companies' Phillip Snyder ...

Generally, no. As a general rule, death proceeds are excludable from the beneficiary’s gross income. 1 Death proceeds from single premium, periodic premium, or flexible premium policies are received ...

At this time of the year, seniors, life insurance agents, financial advisors and accounting professionals find themselves immersed in the intricacies of tax preparation. Amid this financial journey, ...

Heckerling experts warn advisors about policy management risks and tax traps that can derail permanent life insurance strategies ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

The short answer is: It depends. Here are the situations when you may need to consider taxes on your life insurance policy. If your beneficiaries opt to receive the death benefit as a lump-sum payout, ...

Where an S corporation is beneficiary of a policy and death proceeds are received as tax-exempt income, each stockholder’s pro rata share of the proceeds is tax-exempt to him or her and the basis of ...

The U.S. Supreme Court will decide a case this term that presents a crucial question regarding the estate tax treatment of life insurance proceeds received by a closely held business and its ...

A recent case demonstrates the impact that a stock-purchase agreement and life insurance can have (or not have) on the valuation of a closely held company for estate tax purposes. Before diving into ...