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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.
Expert: Bob Ley with AIG
Vice-President of Sales with AIG American General
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 More »

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