Be careful here. While the base policy amount is not taxable or reportable on any tax return, any earnings that may have accumulated on that amount, are taxable income to the beneficiary recipient. If that's the case, it's customary for those taxable earnings only, to be reported to you on a 1099-R and not a 1099-MISC.
For example, if the base policy coverage is for $100,000 and you get a check for $100,500, if that $500 is interest that accumulated "after" the passing of the insured, then it's taxable income to the beneficiary recipient. The 1099-R would only have $500 in box 1 then.
