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What are the tax implications of a group life policy paying to a beneficiary? Does the beneficiary have to pay income tax on the death benefit if it's over 50K or do they receive all of it tax free?
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What are the tax implications of a group life policy paying to a beneficiary? Does the beneficiary have to pay income tax on the death benefit if it's over 50K or do they receive all of it tax free?
Please see Tutorial on nologist on group life
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Group life policies on employee spouse or dependents can cause tax liability Please see Tutorial on-topic at ww.nologist.com group you can access the article directly at https://www.nologist.com/all-topics...rials/group-life-insurance-policies-explained.