Selling a Term Life Insurance Policy Creates Thorny Tax Issues Article

Selling a Term Life Insurance Policy? Know the Tax Traps!
When you sell or transfer a term life policy, it can trigger taxable income, limit the tax-free portion of death benefits, and offer no deduction if the policy expires. Always check the transfer-for-value rule before making a move!

Source: bradfordtaxinstitute.com/Content/Selling-a-Term-Life-Insurance-Policy-Creates-Thorny-Tax-Issues.aspx

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