Test Your Life Insurance Knowledge Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Extended Care: A Patchwork of Possibilities What is your plan for health care during retirement? When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Don’t Myth Out on Whole Life Whole life insurance can help protect what matters most: your family, your assets, and your legacy.