Thus, in that situation, the payments were not life insurance proceeds for purposes of section 2042 of the Code. [No-Fault Insurance] In this case, the no- fault insurance policy purchased by D is a contract under which D shifted the risk of deaths to the insurer, and the ... However, the benefit is includible under section 2033 of the Code. ... Respondent Ruth M. Noel drove her husband from their home to New York International Airport where he was to take an airplane to Venezuela.
|Title||:||The Study of Federal Tax Law|