Re: Critical Illness Sales Interview/ Script
Health benefits as a general rule are not subject to income tax.. Life Insurance living benefits (and if it reduces the face amount it is a life benefit) are taxable to the extent they exceed the basis of the policy..
So does that mean it's taxed, or not? Thanks for the help and clarification!
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So does that mean it's taxed, or not? Thanks for the help and clarification!
Health benefits as a general rule are not subject to income tax.. Life Insurance living benefits (and if it reduces the face amount it is a life benefit) are taxable to the extent they exceed the basis of the policy..