Insurance Sales Question:
Download Job Interview Questions and Answers PDF
Tell us, does beneficiary have to pay tax on the proceeding of life insurance policy?
Answer:
Generally, the benefits on the life insurance policy are tax free and the beneficiary is not liable to pay any tax after the death of the policy holder. But if you are changing your beneficiary for monetary gain or other purposes then the beneficiary has to pay tax on it.
Download Insurance Sales Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Tell me what five words would be describe you? | Tell me can beneficiary claim the policy if the insured person is missing or disappeared for several years? |