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	<title>New answer on: How To Report Life Insurance Proceeds?</title>

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		<title>By: Steven Gates</title>

		<link>http://insurancelibrary.com/life-insurance/how-to-report-life-insurance-proceeds</link>

		<dc:creator>Steven Gates</dc:creator>

		<pubDate>Thu, 05 Sep 2013 13:21:51 +0000</pubDate>

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		<description><![CDATA[The wording suggests the question concerns income tax reporting. Life insurance death benefit proceeds are usually exempt from income tax. 

There are exceptions. In some cases where a policy is owned by the insured&#039;s employer, the proceeds may be taxable income. The proceeds may also be taxable if the policy (or death benefit) was sold or otherwise transferred in exchange for valuable consideration. If a policy is owned by a qualified plan, the death benefit will not be taxable when paid to the plan but would be taxable to the plan beneficiary when withdrawn.]]></description>

		

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