Can A Business Owner Claim As Tax Exemption His Life Insurance Expense?
Posted February 13, 2010 – 10:17 pm in: structured settlements FAQby a board resolution the company wants to give the president an insurance life policy benefit as part of his remuneration which amount will be in keeping with sound company policies.will the company be able to treat this expense as a tax deduction?
2 Comments | Tags: Business, Claim, Exemption, Expense, Insurance, Life, OwnerShould I Not Be The Owner Of My Life Insurance Policy?
Posted February 11, 2010 – 4:37 pm in: structured settlements FAQI have read somewhere that if I own my life insurance policy – when I die the beneficiaries will have to pay taxes on the proceeds, because it is like a gift to them..
6 Comments | Tags: Insurance, Life, Owner, Policy, ShouldWho Should Be The Owner Of A Life Insurance Policy?
Posted November 11, 2009 – 4:47 pm in: structured settlements FAQI will be the beneficiary of my husband’s life insurance policy, but should I also be the owner? Or should he own it? I’m thinking if we should happen to get divorced somewhere down the road (God forbid), it would be better if I own the policy on him so I can be sure [...]
6 Comments | Tags: Insurance, Life, Owner, Policy, ShouldOn A Life Insurance Policy, Can The Insured And Policy Owner Be Two Different People? Who Gains What In Death?
Posted September 17, 2009 – 10:22 am in: structured settlements FAQI am concerned that my step-mother has taken out a life insurance policy on my father who is terminally ill and she stands to gain a fortune. They are currently separated. Is it possible for her to name herself or children as the beneficiary– if my father is the insured? If that’s the case, I [...]
6 Comments | Tags: Different, Gains, Insurance, Insured, Life, Owner, People, Policy, What
