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What is Life Insurance?

Posted: Wed Jan 22, 2025 8:29 am
by sumaiyakhatun26
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Should you declare life insurance to your tax office? Answer here

Life insurance can be defined as a contract that consists of saving in a favorable canada email list tax framework, in order to build up capital or an annuity. Thus, at the end of the contract or in the event of a life insurance buyout , the insurance structure pays the capital to the insured or the beneficiaries. Find out in this article whether it is necessary to declare life insurance to the tax authorities .


Life insurance is a form of savings whose purpose is to contribute funds to obtain capital or an annuity in the event of inheritance in particular. It is a solution that allows you to improve your life after retirement, save money for your loved ones or carry out a project. The taxation of life insurance is very interesting.

In addition, it is possible to buy back the capital of the life insurance policy. In fact, the term "buy back" refers to an operation that allows subscribers to obtain all or part of their savings before the end of the contract.