Life insurance death benefits are,as a rule,subject to income taxes.

Name: Life insurance death benefits are,as a rule,subject to income taxes.
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Life insurance death benefits are generally not subject to income taxes. However, there are some exceptions to this rule, such as if the policy was purchased with pre-tax dollars or if the death benefit is paid out in installments with interest. It is always best to consult with a tax professional to determine the tax implications of any life insurance policy.

Life Insurance Death Benefits Are,as a Rule,subject to Income Taxes