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2. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   The cost of employer-provided group-term life insurance on the life of an employee's spouse or dependent, paid by the employer, is not taxable to the employee if the face amount of the coverage does not exceed $2,000. This coverage is excluded as a de minimis fringe benefit. Some cases may allow more. [5]

3. How to sell your life insurance policy

   www.aol.com/finance/sell-life-insurance-policy...

   When you sell a life insurance policy, the money you receive can be taxed in three different ways: as ordinary income, as long-term capital gains or as tax-free income.

4. Life Insurance: How to Choose The Best Option for You ... - AOL

   www.aol.com/life-insurance-choose-best-option...

   Term Life Insurance Policies . Term life insurance provides temporary coverage for a specific period, usually ranging from 5 to 30 years. ... Life insurance death benefits are tax-free to ...

5. Term life insurance - Wikipedia

   en.wikipedia.org/wiki/Term_life_insurance

   Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.

6. 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 ...

7. Internal Revenue Code section 132(a) - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   An award does not qualify as a tax-free employee achievement award if the award is cash, cash equivalents, gift cards, gift certificates, vacations, meals, lodging, tickets to events, stocks, bonds, other securities, and similar items. [17] Section 79 excludes $50,000 worth of group term life insurance coverage provided by an employer to an ...