NO, the IRS cannot take your Life Insurance. When you die, the beneficiary will receive the death benefit. The IRS will go after the estate to pay any taxes that were owed from the deceased. Probate is the place anyone who is owed money by a person who is deceased, can go and make a claim for some of the estate.
As a recipient of a Life Insurance death benefit, you receive the benefit direct from the life insurance company avoiding any probate.
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As a recipient of a Life Insurance death benefit, you receive the benefit direct from the life insurance company avoiding any probate.