Leaving Your Lasting Legacy Want to do more with your wealth? You might want to consider creating a charitable foundation. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Comparing Investments This calculator compares the net gain of a taxable investment versus a tax-favored one. The Economic Journey of Your Morning Coffee Few contemplate the complex journey that brought their coffee from farm to kitchen table. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.