Life insurance is generally part of your taxable estate
The proceeds of a life insurance policy are included in your taxable estate unless (see #3):
http://www.newyorklife.com/cda/0,3254,11403,00.html
The proceeds of a life insurance policy are included in your taxable estate unless (see #3):
http://www.newyorklife.com/cda/0,3254,11403,00.html