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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 07-15-2008, 06:21 AM
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Default proceeds paid under a life insurance contract taxable

Are proceeds paid under a life insurance contract taxable and do they have to be reported as income?

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Old 07-15-2008, 05:17 PM
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Life insurance proceeds are not taxable on your 1040.
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Old 09-30-2012, 06:47 AM
adrian_in9@yaho adrian_in9@yaho is offline
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This is a lucrative opportunity for you to show your clients and prospects how a properly structured annuity could be the ideal product to set them on a safe course to retirement and beyond.
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