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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 ...
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How does life insurance work with taxes?
Life insurance policies offer several tax benefits, including a tax-free death benefit. You can withdraw up to the amount you paid in premiums from a policy’s cash value without paying income taxes.
Life insurance can be a complex product, and it’s important to research the options thoroughly before purchasing. Some common ...
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