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.