Yes, the death benefit that your beneficiary would receive is considered part of the value of your estate.
If you passed away leaving a surviving spouse, your spouse would not have to pay any federal estate tax, regardless of the size of your estate.
If no spouse is surviving at the time of death, there is a 5.25 million dollar exemption, plus any exemptions remaining from when the first spouse died. Only the amount beyond that exemption is taxed.
State estate taxes have their own exemptions and regulations, depending on the state.
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If you passed away leaving a surviving spouse, your spouse would not have to pay any federal estate tax, regardless of the size of your estate.
If no spouse is surviving at the time of death, there is a 5.25 million dollar exemption, plus any exemptions remaining from when the first spouse died. Only the amount beyond that exemption is taxed.
State estate taxes have their own exemptions and regulations, depending on the state.