Are Life Insurance Proceeds Taxable In New Hampshire? 
Life insurance proceeds are generally not taxable in New Hampshire unless they are left to the estate . If the beneficiary is the estate , or the death benefit goes to the estate because no beneficiaries are alive , the proceeds will be charged taxes and fees along with all the property in the estate . Federal estate taxes do apply to life insurance proceeds if over the exempted amount of $ 5,250,000 -LRB- in 2013 -RRB- . There are no state inheritance or estate taxes in New Hampshire . 