Life insurance
Life insurance proceeds paid to a beneficiary upon the death of the insured are tax-free. So are withdrawals of the cash value portion of a permanent life insurance policy or loans against that value.
Life insurance proceeds paid to a beneficiary upon the death of the insured are tax-free. So are withdrawals of the cash value portion of a permanent life insurance policy or loans against that value.
Income from various sources can complicate retirees’ tax burden.
Income from various sources can complicate retirees’ tax burden.
