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Hello all,

I recently received a life insurance death benefit check, and I'm looking for some advice. My first question is: is this money taxable at the federal or state (PA) level? The best answer I've found online so far is that only the interest it earned ($19) is taxable. However, the info I've found is quite dated.

Beyond that, I'm looking for advice on what kind of account to put it in. Although I'm aggressive with my 401k, I don't want to risk this money in the stock market. I know interest rates are terrible on savings accounts, money market accounts and CDs right now. Are there other options?

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