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Are critical insurance benefits taxable?

My husband's daughter passed away in 2022 from cancer and he is the sole beneficiary. She had two critical illness insurance policies through her work. I do not know if the premiums were paid with tax-free money, do I need to know this?

 

Both checks received in 2022 were to my husband's name.  Thus far I have received a 1099-MISC for the amount of one of the checks, however the 1099-MISC is in his daughter's name.  I'm really confused here with the name difference; any thoughts on this?

  

Are critical illness insurance monetary benefits taxable?

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Are critical insurance benefits taxable?

Sorry for your loss. It depends. No, if you pay your premiums and yes, if your employer is (part) paying it. 

 

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1 Reply

Are critical insurance benefits taxable?

Sorry for your loss. It depends. No, if you pay your premiums and yes, if your employer is (part) paying it. 

 

For more information

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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