Understanding Life Insurance Taxation: What You Need to Know

When it comes to financial planning, understanding the ins and outs of taxes on life insurance can feel like navigating a maze — especially when you’re gearing up for something as monumental as receiving a life insurance policy payout. If you’re studying for the Advanced Diploma of Financial Planning (ADFP) or simply exploring the topic, you’ve landed in the right spot. Let’s unravel this together!