The Leads 4 Insurance Blog:
Guidance and Tips for Insurance Marketing
Today's Post:

Taxes and Life Insurance Proceeds

January 17th, 2019
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It is commonly known that the proceeds from life insurance coverage can provide survivors with a “safety net” for a myriad of possible needs like paying off debts, taking care of the insured’s funeral and other final expenses, replacing income, and / or ensuring a child or grandchild’s future college education fund.

But when you factor in Uncle Sam’s portion in terms of taxation, how much of the policy’s proceeds will actually be received?

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