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Life insurance death benefits are passed to beneficiaries income tax free.

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14y ago
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Q: Your husband died and left you a life insurance policy do you have to pay any taxes on it?
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Related questions

Your husband died last month and you found an insurance policy on him dated Dec 11931 when he was 1 year old is this policy in force?

It might be and most likely is. You found the policy, contact the claims department of the carrying insurance company.


Found an old life insurance policy your husband hadHe died and you want to know if it's still good?

Call the company.


Your husband died and had no beneficiary on his life insurance policy how do you collect the money?

You may need to be appointed the fiduciary of his estate because the proceeds will be paid to the estate. You should contact the insurance company for their policy regarding a situation such as yours.


Why is mama in raisin in the sun receiving a check for ten thousand dollars?

Lena Younger's husband died, and the ten thousand dollars is from his life insurance policy.


To see if your mother had an old insurance policy?

mom died need to know if she had a policy.


My partner died and left an insurance policy but didnt make a will i had 3 children with her am i entilted to her insurance money?

Not unless you are named on the policy.


Does your ex husband have the right to claim on an insurance policy if child died in car accident child an adult?

if he's not on the policy as a beneficiery he can't. ADDED: It makes no difference if the child is an adult or a minor. If the policy is up-to-date (i.e.: all premiums paid and current) and your ex-husband is a named beneficiary on the policy then he does have beneficiary rights. It's as simple as that. On the other hand, if he was NOT specifically named on the policy, he has no claim whatsoever.


In the Vietnam war what was The Insurance Policy?

every 1 died every 1 died


How can you find out if someone left insurance policy and named me as the beneficiary after they passed away?

if someone died and left an insurance policy and named me beneficiary how can i find out


Why does mama get the insurance money in A Raisin in the Sun?

because her husband died


What if your husband had a group insurance policy and it was assigned to his first wife during the divorce She named a family member as the beneficiary but died before the insured What happens now?

The conditions in the policy will explain what should happen. Most insurance companies have been around long enough to have solutions for pretty much any contingency.


Can a life insurance company say you are not eligible to cash policy on Ex husband who died recently that you have been paying for 19 years?

When an insured person dies, presuming the policy is "in force," and the contestable period is past (two years from the date of issue), the insurance company pays the death benefit to the beneficary(ies). Cashing in a policy usually can only be done by the owner of the policy, or by someone to whom the policy has been assigned, prior to the death of the insured.