Newly Licensed

[gailey78545]

i have an question please somoen can help ,Do you pay tax on regular insurance proceedes?

 

[missykl]

I am in MD and I guss I better get to liking the cold calls if all companies do them. LOL

Thanks

 

[pcwest]

You always pay some taxes on insurance proceeds unless:

You are taking out your own money, cost basis
Roth IRA dist. from an annuity for example are exempt
The death benefit from a life policy

I think that is it. If anyone else can add.