Is Taking A Risk Tolerance Test A Good Idea? 
Video Transcript : Hello , everyone . I 'm Steve Savant , syndicated financial columnist and host of the weekly online talk show `` Steve Savant 's Money : The Name of the Game . '' I 'm answering questions from insurancelibrary.com , and today 's question is : Is the income from a life insurance policy includable for the Social Security provisional income test ? Well as you know , there are many forms of income , and all those incomes have to be generated or actually transferred over to the provisional income test to see whether or not Social Security benefits are going to be taxed by it . And of course , there are many forms of income , and most all of those forms of income somehow , some way make it to the provisional income test to test whether your Social Security is going to get taxed . But withdrawals to basis and policy loans of gain on a TAMRA-compliant , non-modified endowment contract kept in force for the life of the policy insured , that never actually is put on your 1040 . So the income is n't placed on your 1040 ; it 's not a taxable event . And the best part about that is it does n't enter into your provisional income test , so that your Social Security benefits stay tax-free . Well , that 's our consumer question for today . If you have any questions , just submit them to www.insurancelibrary.com . 