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Include taxman in on insurance plans
Tax planning for life insurance gains varies by policy type and payout method. Ordinary income taxes apply to gains over cost, with examples from two policies showing lump sums or annuities, and the need for careful calculation of net cost, with professional guidance emphasized.
MENTIONED IN THIS ARTICLE
Meryl R. Grayer
Metropolitan Life
Journal of the American Society of Chartered Life
Harry Jones
Harry
Grayer