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Is life insurance collected by a widow taxable?

Is life insurance collected by a widow taxable?
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7/2/2013
Robin D.
Robin D., Senior Tax Advisor 4
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Robin D :

Hello and thank you for using Just Answer,

Robin D :

Life insurance payments to the beneficiary are generally not taxable (this would include the widow).

Robin D :

Any interest that was earned (if any) before the pay out would be taxable but the insurance company would tell the receiver if there was interest included.

Robin D.
Robin D., Senior Tax Advisor 4
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Experience: 15years with H & R Block. Divisional leader, Instructor
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