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	<title>New answer on: When Do You Pay Taxes On Life Insurance?</title>

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/when-do-you-pay-taxes-on-life-insurance</link>

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

		<pubDate>Sun, 15 Sep 2013 17:04:25 +0000</pubDate>

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		<description><![CDATA[You pay taxes on life insurance in the year you received the benefits, if you need to pay taxes. If there is interest on the proceeds due to receiving the death benefit as installments, you will be given a Form 1099-INT with the amount for which taxes are owed. Estate taxes also apply if beyond the exempt amount.]]></description>

		

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		<title>By: Steve Savant</title>

		<link>https://www.insurancelibrary.com/life-insurance/when-do-you-pay-taxes-on-life-insurance</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Thu, 08 Aug 2013 15:04:34 +0000</pubDate>

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		<description><![CDATA[Life insurance death benefit proceeds are paid to the policy beneficiary and are generally tax free. Depending upon the policy owners total asset base, proceeds could be included for estate taxation purposes. Cash value life insurance that is surrendered, terminated or matures with gain in the contract (including policy loans that exceed basis) will be subject to ordinary income taxes.]]></description>

		

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