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Sections of the Internal Revenue Code leverage life insurance to work for you by achieving your financial goals.

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tax benefits, best life insurance

IRC §101(a)

Allows the life insurance death benefit from a life insurance policy, which should be tax-free to the recipient.

tax benefits, best life insurance

IRC §7702

Defines how life insurance can be used for tax-deferred growth.

tax benefits, best life insurance

IRC §7702A

Sets the maximum money that can be deposited into a life insurance policy to get the best tax treatment.

tax benefits, best life insurance

IRC §72

Allows policy withdrawals from non-MEC policies to be tax-free.

tax benefits, best life insurance

IRC §101(g)

Defines how a life insurance death payout can be tax-free expedited if a chronic or terminal sickness occurs.

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Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.