Taxation

What Is Permanent Life Insurance? Permanent life insurance is policies that span your entire life and offer a cash benefit and savings portion. In business succession planning, especially when funding corporate buy-outs, one of the primary considerations should be the tax advantages of permanent life insurance. The primary reason businesses purchase key man life insurance.. More

When filing taxes, every business looks for as many deductions as possible, and looking to deduct your key man life insurance premiums is no exception. However, before you write off corporate-owned insurance premiums, you need to fully understand how the IRS is going to treat the deductibility of key man insurance premiums. Additionally, your business.. More