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Author: twin0564 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Life Insuarance Death Benefit Date: 10/22/2001 2:06 PM
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My brother recently passed. He was retired military. He converted his SGLI policy upon his dicharge and we are now the beneficiaries of this converted policy. My portion is 50k. What are the tax implications to me as a single parent/head of household and are there avenues that will allow me to lessen the tax bite?
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Author: Charlie48K Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 54754 of 121219
Subject: Re: Life Insuarance Death Benefit Date: 10/22/2001 5:53 PM
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If I understand it right, you were the beneficiary on a life insurance policy from your brother? There are no taxes.

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