Is there Federal Income Tax on life insurance?
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American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
Is there Federal Income Tax on life insurance?
In this video, Bob Ley from insurance company AIG discusses the many issues surrounding how to select and purchase life insurance.
This expert: 55,041 views
This series: 55,040 views
Transcripts
Host: Is there Federal Income Tax on life insurance?
Bob Ley: Based on current Federal Income Tax laws typically there is no Federal Income Tax on life insurance benefits.
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