09.23.21

Is life insurance taxable?

Is Life Insurance Taxable

Life insurance is a fantastic financial tool. These policies can ensure your family’s financial stability in a worst-case scenario. That’s why I sat down with Ronda Lee from Business Insider to talk about life insurance and if it’s taxable.

In our discussion, we talked about:

  • Instances when life insurance beneficiaries would have to pay taxes on a death benefit.
  • The typical taxes for permanent life insurance policy benefits.
  • Writing off life insurance premiums as a business expense.

If you’re interested in learning more about whether or not life insurance is taxable, please read the complete article.

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