Last Updated on April 26, 2021
8. LIFE INSURANCE PROCEEDS ARE MOST OF THE TIME TAX-FREE!
The good thing about insurance proceeds is that they are tax –free and far a better option than other crowdfunding options like ‘’GoFundMe’’.
The latter is a very famous option but still can create great tax consequences for those who are meant to help! Therefore, insurance proceeds are always great and helpful, especially if you are trying to create an inheritance for a beneficiary.
