Tax Facts

173 / Are life insurance proceeds paid under a double-indemnity clause includable in an insured’s gross estate?

Updated: October 02, 2024 at 01:53 PM
Yes. They are subject to the same rules as other life insurance proceeds and may be included in the insured’s gross estate ( Q 81, Q 175).1




1.     Estate of Ackerman v. Commissioner, 15 BTA 635 (1929); Estate of Wright v. Commissioner, 8 TC 531 (1947); see Commissioner v. Estate of Noel, 380 U.S. 678 (1965).


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