Hello, from Pennsylvania here... will be receing money from annunity and life insurance policies due to passing of a relative... question is should we pay the taxes now or take the money now and see what happens later...

Are the insurance companies giving you a choice? Usually you get lump sums and deal with any possible taxes next April.

If the insurance payments are straight death benefits, then no taxes will be due.

As for the annuities, that depends on how they are structured. You need to consult with a tax professional