Does A Life Insurance Beneficiary Have To Pay Taxes?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    The death benefit of a life insurance policy is usually not taxable as long as they are paid to a named beneficiary.  There may be some exceptions depending on if your life insurance policy is viewed by the IRS as an investment disguised as life insurance, but this is not the normal situation.
    Answered on May 30, 2013
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