Your DNA Test Preparing for the unexpected can make all the difference if your family relies on your income. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content The Wild West of Data Theft Learn about cyber liability insurance in this entertaining video. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.