In Lebanon, life insurance benefits are not exempt from inheritance procedures.
Required Documents:
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Official letter from the insurance company stating the payout and beneficiaries.
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Copy of the insurance contract.
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Copy of the beneficiary’s ID.
Taxation:
A 5% inheritance tax is applied to the insurance payout before funds are released.
Conclusion: Life insurance benefits form part of the estate and must go through the tax and clearance process before beneficiaries can claim the payout.
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