margostl
Super Genius
- 186
I have a question, wrote a policy on a client ,16months into policy got a terminal illness diagnosis
.Filed a claim and carrier ruled in their favor.My question is are those benefits taxable? Normally I would say no for life beneficiary, but not sure regarding this.On the detail page of policy it states ask your tax consultant, they did and she did not know either.Client will decide whether to take lump sum or 1/3 based on taxes.
Thanks in advance.
.Filed a claim and carrier ruled in their favor.My question is are those benefits taxable? Normally I would say no for life beneficiary, but not sure regarding this.On the detail page of policy it states ask your tax consultant, they did and she did not know either.Client will decide whether to take lump sum or 1/3 based on taxes.
Thanks in advance.