All Life Insurance Tips

Is term life insurance pay out tax free?

If not are there any exceptions? State ? etc? Whats the rate?

Public Comments

1. Income tax free, yes.
2. Common situation you met like many other people,be patient,and check the resource here http://www.insuranceidea.info/free-insurance.htm i found useful.
3. For the most part, it is. It depends on how the premium was paid, though, and who the beneficiary is. Ask your agent, who knows how your premium is paid, and who the beneficiary is.