1. David RacichPRO
    Fountain Hills, Arizona
    Assuming you’re addressing death benefit proceeds, life Insurance is generally not taxed at death, but may be includable in the estate. There are also business scenarios, where the death benefit is paid to the corporation that may trigger ordinary income tax or be treated like a preference item which could also trigger the alternative minimum tax.
     
    Answered on June 23, 2013

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