Life insurance offers a combination of benefits when you pass away and while you're still alive. These benefits can have long-lasting impacts for your family, too.

A life insurance death benefit is paid tax-free and there are tax-advantaged ways to access cash value Written By Written by Insurance Staff Writer, WSJ | Buy Side Kimberly Lankford is an insurance ...

Understand the tax implications of life insurance premiums and the scenarios where they may be deductible. Learn about alternatives and best practices.

Life insurance policies offer several tax benefits, including a tax-free death benefit. You can withdraw up to the amount you paid in premiums from a policy’s cash value without paying income taxes.