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	<title>New answer on: Is Life Insurance Taxable To The Beneficiary In Michigan?</title>

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/is-life-insurance-taxable-to-the-beneficiary-in-michigan</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Fri, 16 Aug 2013 14:38:01 +0000</pubDate>

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		<description><![CDATA[Life insurance is generally not taxable to the beneficiary in Michigan or in any other state. Life insurance is passed to the beneficiary income tax free when the beneficiary is a person. If there is interest earned on the proceeds due to taking them in installments rather than a lump sum, the interest on the proceeds are taxable, but not the life insurance benefit. If the amount of the estate is over $5,250,000 in 2013, estate taxes may be charged; contact a tax attorney if this is your situation.]]></description>

		

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