What Is A Form 712 On Life Insurance? 
IRS Form 712 is the decedent insured form filed by the estate executor with form IRS form 706 . The form identifies the policy face amount , accumulated dividends , terminal dividends , the amount of the proceeds , and personal information on the insured like date of birth , sex , etc. . It also asks if the policy was transferred three years prior to the death of the insured . 