One of the most valuable features of life insurance is that the beneficiary receives the death benefit income-tax free.

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Businesses that offer group life insurance as an employee benefit, perhaps as a package of workplace perks, could find it easier to attract and retain staff. That’s because many employees view group ...

Q. My wife cashed in an insurance policy that was in her name. She is 74. Do we have to claim it as income? — Concerned A. Thanks for your question. When a life insurance policy is cashed in, it ...

One of the benefits your employer may offer is the chance to enroll in group term life insurance. This is a program employees can sign up for after meeting certain criteria such as working for the ...

Are Dividends on a Life Insurance Policy Taxable? Generally, dividends on a life insurance policy are not considered taxable income by the IRS. This is often because they are viewed as a return of ...

Estate tax law is a complicated field, so it’s understandable if you’re confused about whether — or under what circumstances — you might have to pay taxes on a life insurance payout. In nearly all ...