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VGLI Are VGLI Proceeds Taxable?

Published 08/10/2012 03:28 PM   |    Updated 12/19/2012 03:14 PM
Are VGLI Proceeds Taxable?

VGLI proceeds are exempt from taxation. Any installment interest or delayed settlement interest that a beneficiary receives in addition to the proceed is also exempt from taxation and does not need to be reported to the IRS.