Are life insurance proceeds taxable?
That question is debatable, so if you are a deceptive, calculating, cold blooded murderer, it would be best to ask a certified accountant. This website explains that life insurance proceeds are generally not subject to federal income tax, although exceptions may apply.
Can you imagine Steve Sailer appearing on Forensic Files or Dateline NBC. The story goes like this. While Steve Sailer and his wife were hiking in a secluded area of the wilderness, his wife accidentally fell off a cliff and died. It seemed like an accidental death until investigators find evidence of foul play.
Upon investigating Steve Sailer's financial background, they found he was in deep debt and steadily grew for the past several years. At the same time, Steve maximized a life insurance policy on his wife for the amount of $250,000, plenty of money to pull himself out of debt and have some extra money for himself. Furthermore, after investigating his computer, they discovered Steve was having romantic conservations via internet with a blonde woman who he met on a dating website. Steve even publicly mentioned his attraction for blonde women on his blogsite, even though his wife was a brunette. Using his computer skills, Steve carefully hid these conservations from his wife, which included a heated conversation on getting rid of his wife so he can be with this new woman.
Bizarre. Eccentric. Duplicitous. Wicked. Greedy. Manipulative. Welcome to the world of Steve Sailer.