For a variety of reasons, many people adamantly believe the following assertion is true: “life insurance is tax free.”  Despite being a common belief about taxes, it is simply not true. For the most part, when people talk about life insurance being tax free, they are referring to the death benefit of a life insurance policy which typically pays out only after the insured individual has passed away.  Which tax are they referring to?  Usually income taxes

What are the death taxes? Can I avoid them?