Where Does Life Insurance Go On My Tax Return? 
From your question I can not tell if you are asking the question because you own a life insurance policy and you have been sent a DIV B by the insurance company or if you are asking because you inherited the death benefit from a life insruance policy . If you are receiving a DIV B from the insurance company you have probably been paid a dividend by the insurance company that you chose to receive as cash rather thanre-investing the dividend . Life Insurance death benefits are paid under `` contract law '' . Therefore if you receive a settlement from a life insurance benefit as the beneficiary of that policy then the proceeds are not taxable . However , what happens if the proceeds are invested in certificate of deposits at the bank and now the bank is going to send you a 1099B each year-those interest amounts are taxable 