I received a 1099-misc for a life insurance benefit. Does this mean that it is a taxable benefit? do I need to report it on my taxes if it is not taxable?
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I received a 1099-misc for a life insurance benefit. Does this mean that it is a taxable benefit? do I need to report it on my taxes if it is not taxable?

 
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I received a 1099-misc for a life insurance benefit. Does this mean that it is a taxable benefit? do I need to report it on my taxes if it is not taxable?

Yes, if the benefit is in excess of $600.
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