Does life insurance get taxed? 
Life Insurance is non taxable , anddeath benefit is paid lump sum . This is beneficial in order to repair the family financial losses by creating an estate , paying for funeral expenses , mortgages , and passing wealth for the family generations to come . That is how Life insurance is designed to work . Always name a beneficiary to your policy . Never anyone under a legal age for then the money will be tied up in probate until they are of legal age . Consult with ab Life agent like myself and get more information on how Life Insurance works . I am sure this will benefit you , your family and estate . 