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Yes, it is required that they get your tax id information. In the case of an individual, this is usually your Social Security Number. Based on your question, you should check the first box that starts with "Individual".
Usually, life insurance proceeds are not taxable to the beneficiary, but any interest they pay for the period between the date of death and the payment of the policy is taxable.
Yes, it is required that they get your tax id information. In the case of an individual, this is usually your Social Security Number. Based on your question, you should check the first box that starts with "Individual".
Usually, life insurance proceeds are not taxable to the beneficiary, but any interest they pay for the period between the date of death and the payment of the policy is taxable.
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