Section 101 (a) (1) Of The Internal Revenue Code

Definition of "Section 101 (a) (1) of the internal revenue code"

Section of the code that qualifies that the death benefit paid under a life insurance policy is received by the beneficiary income-tax free. These tax consequences apply regardless of the size of the cash value of the policy, total premiums paid, who the policy owner may be, who the insured may be, who the premium payor may be, or who the beneficiary may be.

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