It goes to your life insurance beneficiaries income tax free, but may be subject to estate tax if your estate is above the current federal estate exemption limit. (insuranceandestates.com)
As a general rule, your life insurance death benefit passes to your life insurance beneficiary income tax free. (insuranceandestates.com)
It goes to your life insurance beneficiaries income tax free, but may be subject to estate tax if your estate is above the current federal estate exemption limit. (insuranceandestates.com)