N.J. Admin. Code § 18:26-5.20
Current through Register Vol. 56, No. 9, May 6, 2024
Dividend accumulations, post mortem dividends, terminal dividends, and premium refunds on contracts of life insurance although payable at the same time as the life insurance proceeds, are not considered part of the life insurance proceeds of the policy and are taxable to the beneficiary as transfers taking effect at or after the death of the insured.
N.J. Admin. Code § 18:26-5.20