Benefits Lesson

Tax on Life Insurance Benefits

Leaving your estate to someone will most likely end up in a taxable event, reducing the estate value and putting a burden on your heirs. Life insurance death benefits

Lesson Script

What This Video Covers

Leaving your estate to someone will most likely end up in a taxable event, reducing the estate value and putting a burden on your heirs. Life insurance death benefits
Insurance Terms to Know

Diminished Value

Diminished value is the reduction in a vehicle's market value after damage and repair; coverage depends on policy and law.