Tax Freedom Day Assess how many days you'll work to pay your federal tax liability. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Test Your Life Insurance Knowledge How much do you know about one of the most important tools you have to help protect your and your family’s financial future? Insuring Your Business With a Buy/Sell Agreement It may help your business be better prepared in the event of the death of a principal or key employee. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.