Serving as executor - both parents passed in 2005. How is the Estate and Income Tax handled for both New Jersey and Federal returns on Annuities and Life/Term Insurance. Not sure what is taxable as Income and what is taxable to Estate. Also, not sure who pays the taxes, beneficiary or estate on the income tax - assuming there is a income tax liability.

I want to get my life, health and annuities license without being backed by a company. I just think it would be something good to have. I have looked all over the internet but couldn't find an answer. Does anyone know how I go about qualifying or scheduling to take a test to get my license? And help would be great. Thanks in advance!

The Annuities have been cashed out and the question is if they are considered income the beneficieres have to pay Federal or State taxes on.

I have a family member that has passed and she had multiple very large annuities and none of the existing relatives can find them. How do you find the annuities? Thanks!