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.