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	<title>New answer on: Is Life Insurance Settlement Taxable Income?</title>

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		<title>By: Larry Gilmore</title>

		<link>http://insurancelibrary.com/life-insurance/is-life-insurance-settlement-taxable-income</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Fri, 09 Oct 2015 05:24:07 +0000</pubDate>

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		<description><![CDATA[Is a life insurance settlement a taxable event? Well the answer is depends. Normally life insurance premiums are paid with after tax dollars so based on IRS code the benefit paid is considered tax free.  That said, some retirement plans can use life insurance and likewise in some business applications and write off the premium, which then makes the benefit taxable income when taken.]]></description>

		

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		<title>By: Jim Winkler</title>

		<link>http://insurancelibrary.com/life-insurance/is-life-insurance-settlement-taxable-income</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Tue, 01 Jul 2014 03:20:08 +0000</pubDate>

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		<description><![CDATA[That is a great question! One of the main reasons to purchase a life insurance policy is the tax free benefit that is received by your named beneficiaries. If you&#039;ve named beneficiaries on your policy, as a rule, the benefit will not be taxed. There can be tax issues if no beneficiary has been named (or they&#039;ve passed) and the payment goes into the deceased&#039;s estate, especially if that estate is a sizeable one. Thanks for asking!]]></description>

		

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		<title>By: David Pipes</title>

		<link>http://insurancelibrary.com/life-insurance/is-life-insurance-settlement-taxable-income</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Mon, 30 Jun 2014 22:22:25 +0000</pubDate>

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		<description><![CDATA[The settlement when made to an individual does not constitute a taxable event.  When the proceeds are paid to anyone else it could be taxed.  This income tax free feature can be crucial in planning your estate.  For example, if you can identify your eleven grandchildren and purchase a single premium whole life policy on yourself naming them as beneficiary, you can take care of their needs in your estate without triggering any income tax consequences. ]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>http://insurancelibrary.com/life-insurance/is-life-insurance-settlement-taxable-income</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 16 Oct 2013 14:17:37 +0000</pubDate>

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		<description><![CDATA[When you are the beneficiary of a life insurance settlement, it is usually not taxable income. If the insurance settlement was left to the estate of the Insured, it is subject to income tax. And either way, if the amount pushes the value of the estate over the exempted amount, estate taxes will need to be paid on the amount above the exempted amount (federal estate tax is charged on estates over 5.25.M in 2013).]]></description>

		

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