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	<title>New answer on: Is There Federal Tax On Life Insurance?</title>

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/life-insurance/is-there-federal-tax-on-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 23 Jun 2013 20:06:29 +0000</pubDate>

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		<description><![CDATA[There can be federal estate tax exposure on life insurance death benefit proceeds. To avoid federal estate tax exposure, many estate attorneys recommend using an irrevocable life insurance trust to own the life entrance policy, which in effect then is deemed as being out of the estate. Some estate planning strategies use other family members as the policy owner to accomplish removing the future death benefit proceeds outside the estate. Consult your estate planning attorney before moving forward with any ownership changes or assigning ownership to a life insurance policy.
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