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When is life insurance taxable?

Life insurance isn't usually taxable, but there are some occasions when you or your heirs may wind up with a bill.

First reported by CBS News 1 source
Image: CBS News
Image: CBS News
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  1. CBS News

    When is life insurance taxable? (opens CBS News in a new tab)

    Life insurance isn't usually taxable, but there are some occasions when you or your heirs may wind up with a bill.