Full Version: Lump Sum Death Benefit Rollover-able?
One of our young employees lost her life suddenly this week and left a 28-year-old spouse. He's entitled to a very tiny (<$10) monthly lifetime survivor pension that starts on October 1. Or he can choose (or perhaps it's mandatory - still being studied) a rather small lump sum settlement.
If he gets the lump sum, will he be able to roll it over into his IRA?
Yes.
If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit.
QUOTE (SoCalActuary @ Sep 20 2009, 06:31 PM) 
If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit.
No life insurance involved. I presume you concur with previous YES response.
QUOTE (tuni88 @ Sep 24 2009, 10:40 AM)
QUOTE (SoCalActuary @ Sep 20 2009, 06:31 PM)
If a life insurance policy is involved, and PS58 taxable amounts were recognized, you should be clear about the pre-tax and after-tax portions of the death benefit.
No life insurance involved. I presume you concur with previous YES response.
YES
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