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2. Do You Pay Taxes on Life Insurance? - AOL

   www.aol.com/pay-taxes-life-insurance-144951266.html

   Two important caveats exist for the general rule that life insurance proceeds won’t be taxed. The first caveat is that any interest paid on life insurance benefits counts as taxable interest ...

3. IRS Section 7702: Life Insurance Tax Definition - AOL

   www.aol.com/irs-section-7702-life-insurance...

   When purchasing life insurance, you may be wondering whether cash value or death benefits are taxable. Section 7702 of the Internal Revenue Code (IRC) determines when life insurance proceeds can ...

4. Life insurance tax shelter - Wikipedia

   en.wikipedia.org/wiki/Life_insurance_tax_shelter

   Life insurance proceeds are not taxable in many jurisdictions. Since most other forms of income are taxable (such as capital gains , dividends and interest income), consumers are often advised to purchase life insurance policies to either offset future tax liabilities, or to shelter the growth of their investments from taxation.

5. Whole life insurance - Wikipedia

   en.wikipedia.org/wiki/Whole_life_insurance

   Although life insurance benefits are generally free of income tax, the same is not true of estate tax. In the US, life insurance will be considered part of a person's taxable estate to the extent he possesses "incidents of ownership." [5] Estate planners often use special irrevocable trusts to shield life insurance from estate taxes.

6. How Can I Avoid Taxes on Life Insurance Proceeds? - AOL

   www.aol.com/avoid-taxes-life-insurance-proceeds...

   Continue reading → The post How to Avoid Taxes on Life Insurance Proceeds appeared first on SmartAsset Blog. The average cost of settling an estate varies, but a complicated estate could push ...

7. Universal life insurance - Wikipedia

   en.wikipedia.org/wiki/Universal_life_insurance

   Roth IRAs, Roth 401(k)s, and cash value life insurance share features that make life insurance a viable option to supplement or replace Roth retirement plans. All three have these attributes: (1) contributions are paid with after-tax dollars (no income tax deduction), (2) the growth is not taxed, and (3) they may serve as a source of tax-free ...