Life Insurance Payout Calculator
Calculate your life insurance payout, death benefit amounts, tax implications, and beneficiary distributions. Use multiple currencies for accurate calculations.
Step 1: Policy Details
Understanding Death Benefits
The death benefit is the amount paid to beneficiaries tax-free. Term policies pay only if death occurs during the term, while permanent policies build cash value.
Step 2: Tax & Distribution
Tax Considerations
Life insurance death benefits are generally income tax-free to beneficiaries. However, estate taxes may apply if the policy is owned by the deceased. Consult a tax professional for specific advice.
Life Insurance Payout Results
Net Payout to Beneficiaries
Policy Type Comparison
| Policy Type | Typical Coverage | Average Cost | Net Payout |
|---|
Tax Impact Breakdown
Payout Calculation Formula
Net Payout = Death Benefit × (1 – Estate Tax Rate)
Life insurance death benefits are generally exempt from income tax. Estate taxes may apply if the policy is part of a taxable estate. Consult with a financial advisor for personalized advice.
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