1. COO and Senior Agent, Outlook Life, All 50 States
    When life insurance is left to a beneficiary, the death benefit is the property of the beneficiary. The IRS cannot take the life insurance proceeds unless the beneficiary was a cosigner for whatever the IRS is seeking payment. If the beneficiary of the policy is the Insured's estate, then the life insurance money is available to the IRS.
    Answered on December 4, 2013

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>