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PJW326 – Tax Treatment of Life Insurance Proceeds

Course and Test $ 60.00
Course and Test PDF $ 45.00
Additional Hard Copy Test $ 9.00
Additional Online Test $ 9.00


SKU: PJW326 Category:

NASBA Color logo-1 inch

CPE Credit Hours: 3

Field of Study: Tax

Publication date: July 2020


One of the important considerations in many financial transactions is the tax treatment the transaction is given. Often, the impact of taxation is a consideration in the purchase of life insurance every bit as much as it applies to stock purchases, bond purchases and the establishment of qualified retirement plans.

In this course we will look at the tax treatment given proceeds from life insurance policies and will consider the taxation of death benefits, cash value withdrawals, loans and surrenders. In addition, we will examine the differences in tax treatment caused by a life insurance policy’s:

• Failure to meet the statutory definition of life insurance;
• Being deemed a modified endowment contract;
• Transfer of ownership to another person for a valuable consideration;
• Sale in a viatical or life settlement transaction;
• Ownership by an employer; and
• Use in a qualified retirement plan.

More Information

This is a self-study CPE course.
Program level: Basic
Prerequisites: None
Advanced Preparation: None Required
Minimum Final Examination Passing Grade: 70%
Maximum Time Allowed To Complete Program: One Year From Date Of Purchase