You received a big check from your loved one's life insurance policy. Will the IRS be expecting a check from you now?

Whether you’re buying out a partner or retaining a star employee, the right life insurance can be a versatile financial tool ...

A life insurance death benefit is paid tax-free and there are tax-advantaged ways to access cash value Written By Written by Insurance Staff Writer, WSJ | Buy Side Kimberly Lankford is an insurance ...

The main point of life insurance is to provide financial support for your loved ones after you pass away. But life insurance offers various tax benefits including ones that you can take advantage of ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Eric's career includes extensive work in both public ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The primary purpose of life insurance ...

Life insurance and long-term care benefits are generally income tax free for beneficiaries. Premiums for these insurances are typically not tax deductible, except possibly at the state level. No major ...

Knowing when life insurance is taxable and how to avoid taxation can help families ensure their loved ones get all of their policy’s proceeds. (iStock) Life insurance is designed to pay out a death ...