NOT FOR REPRINT
How Your Clients Get Taxed on Sold Life Insurance
By
Lucas Siegel
Commentary March 10, 2024 at 10:25 PM
Share & Print
What You Need To Know
- Insureds who seem likely to die within two years pay no federal income taxes on life policy sale proceeds.
- For other insureds, one important factor is the total amount of premiums paid.
- Another important factor is the policy surrender value.
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More Information