Thread: TA: GVUL
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Old 10-16-2023 | 04:13 AM
  #37  
tennisguru
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Originally Posted by Planetrain
Q1. Is the current company paid life insurance death payout taxable or tax-free income?
Q2. Is GVUL death payout taxable or tax-free income?

Could make a difference…
If you pay taxes on the imputed income, then the payout is tax free.

Edit: This website also clearly states that both the current and GVUL payouts are tax free. It also says that the GVUL cash value payout is tax free as well.

https://www.metlife.com/gvul/DeltaAi...parison-chart/
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