How Does Life Insurance Work with Taxes?

See the tax advantages and downsides.

Income Exclusion Rule Explained: Understanding Tax-Free Income

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...
U.S. News & World Report

Life Insurance vs. Roth IRA: Which Offers Better Retirement Security?

Both Roth IRAs and life insurance policies can provide access to tax-free income in retirement. Roth IRAs have income limits, and gains generally can’t be accessed without penalty before age 59½. The ...
JD Supra

Still the One! – The Use of Private Placement Life Insurance in Tax Planning for Trial Attorneys with Contingency Fee Income

In the Soundtrack of Our Lives, one of the songs that I still get to hear from time to time on Sirius XM, is “Still the One” which was recorded and released by the band Orleans in 1976. I was in the ...
FinanceBuzz on MSN

16 types of income the IRS doesn’t tax that might surprise you

Discover 16 types of income the IRS doesn't tax, from overlooked benefits to special exemptions that could keep more money in ...

What Are the Tax Implications of a Life Insurance Policy Loan?

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