Will You Pay Taxes When Selling Your Life Insurance Policy?

Apr 14, 2021 6:45:00 AM / by LISA posted in Life Insurance, selling life insurance policy, taxes


If you’ve recently received a life insurance settlement or are planning to in the near future, you may be wondering how taxes may impact your proceeds, if they do at all. With the intricacies surrounding U.S. tax law, understanding how taxes and life settlements are related is incredibly important. In this blog, we will teach you everything you need to know about how you may be affected as a beneficiary of a life insurance settlement. 

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