<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

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

	<atom:link href="https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income</link>

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

		<pubDate>Wed, 10 Jul 2013 15:45:10 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income</guid>


		<description><![CDATA[No, life insurance is not usually considered income for income tax purposes. If you receive the death benefit in regular payments rather than a lump sum, the interest only will be considered income. 

There are some caveats to this, especially with cash value policies. But generally speaking, life insurance is not counted as income.]]></description>

		

	</item>


	<item>

		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Wed, 10 Jul 2013 15:14:02 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/is-life-insurance-considered-income</guid>


		<description><![CDATA[Life Insurance is an indemnification or protection product. However, permanent cash value life insurance that is designed as a non-modified endowment contract can also generate tax free supplemental income via withdrawals of basis after 15 years* and policy loans of gain as long as the contract is kept in force for the life of the policy insured. (*The force out rule governs the first 15 years of a life insurance policy, including withdrawals.)
 ]]></description>

		

	</item>


</channel>

</rss>

