Is A Critical Illness Insurance Payout Taxable?

Comments

2 responses to “Is A Critical Illness Insurance Payout Taxable?”

1. 

   February 14, 2016

   Joe ‘Gravy’ Graves

   Brandon is right. If the premiums are paid for with after tax dollars then the benefit is income tax free. It’s a wonderful thing!! Like life insurance benefits are tax free… yet Critical Illness is something you can benefit from & still be alive. The creation of Critical Illness Insurance is a fantastic story. Reach out if you’d like to hear it…
   -gravy
2. 

   August 27, 2013

   Brandon Roberts

   No, premiums paid for critical illness insurance are paid with after tax dollars and the benefits are paid income tax free.