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Answered 2009-02-04 13:02:40

No, not unless you deducted the cost of the insurance on your taxes.

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If a person dies in a manner not covered by the policy, there would be no payout.


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How does your deductible work in home insurance?

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Does a life insurance have to prove that premiums were not paid?

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Is the cash value of life insurance from relative taxable in MD.?

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