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	<title>Welcome to No Exam Life Insurance North Dakota &#187; Bismarck, North Dakota</title>
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		<title>In Bismarck North Dakota Do You Pay Taxes On Money You Receive From A Parents Life Insurance Policy</title>
		<link>http://www.noexamlifeinsurancenorthdakota.com/bismarck-north-dakota/in-bismarck-north-dakota-do-you-pay-taxes-on-money-you-receive-from-a-parents-life-insurance-policy.html</link>
		<comments>http://www.noexamlifeinsurancenorthdakota.com/bismarck-north-dakota/in-bismarck-north-dakota-do-you-pay-taxes-on-money-you-receive-from-a-parents-life-insurance-policy.html#comments</comments>
		<pubDate>Sun, 02 Mar 2008 03:40:58 +0000</pubDate>
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				<category><![CDATA[Bismarck, North Dakota]]></category>

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		<description><![CDATA[Andy has lived in Bismarck, North Dakota most of his life.  He called me to ask: &#8220;Do you pay taxes on money you receive from a parents life insurance policy.&#8221;
Bismarck, is the capital of the state of  North Dakota.  Bismarck sits on the Missouri Plateau directly across the Missouri River.  The [...]]]></description>
			<content:encoded><![CDATA[<p>Andy has lived in Bismarck, North Dakota most of his life.  He called me to ask: &#8220;Do you pay taxes on money you receive from a parents life insurance policy.&#8221;</p>
<p>Bismarck, is the capital of the state of  North Dakota.  Bismarck sits on the Missouri Plateau directly across the Missouri River.  The North Dakota State Capital, the tallest building in the state, towers over the central part of Bismarck.  Bismarck has a large park system and an extensive network of exercise trails, it is also home to five golf courses.  Hunting and fishing are also common activities in the area.<img height="164" alt="19309043-002" hspace="3" src="http://www.noexamlifeinsurancenorthdakota.com/wp-content/uploads/2008/03/19309043-002.jpg" width="240" align="right" vspace="3" /></p>
<p>Andy, in answer to your question, generally speaking, life insurance proceeds (death benefits) are received income tax free by policy beneficiaries.</p>
<p>Any subsequent monies that are earned through investment of those proceeds, unless specifically invested in tax-free investments, would be subject to state and federal income taxes.</p>
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