See the tax advantages and downsides.

Taking out a loan against your life insurance policy does not count as taxable income. Learn how a taxable event occurs if ...

Broadcast Retirement Network's Jeffrey Snyder discusses the taxes associated with receiving benefits from life insurance and long-term care insurance policies with The Warner Companies' Phillip Snyder ...

At this time of the year, seniors, life insurance agents, financial advisors and accounting professionals find themselves immersed in the intricacies of tax preparation. Amid this financial journey, ...

Generally, no. As a general rule, death proceeds are excludable from the beneficiary’s gross income. 1 Death proceeds from single premium, periodic premium, or flexible premium policies are received ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

Succession planning for closely held business owners has always carried estate tax risks, but the Supreme Court's 2024 decision in Connelly v. United States has made those risks more costly (to the ...

Where an S corporation is beneficiary of a policy and death proceeds are received as tax-exempt income, each stockholder’s pro rata share of the proceeds is tax-exempt to him or her and the basis of ...

The U.S. Supreme Court will decide a case this term that presents a crucial question regarding the estate tax treatment of life insurance proceeds received by a closely held business and its ...

Our team collected more than 60,000 sample quotes from life insurance companies using unique user profiles to give readers an accurate view of pricing across competitors. We gather quotes for ages 18 ...

A recent case demonstrates the impact that a stock-purchase agreement and life insurance can have (or not have) on the valuation of a closely held company for estate tax purposes. Before diving into ...