Can An Llc Own Life Insurance?

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   Jeff Davis

   Insurance Advisor, Lordship Insurance Services, California

   Yes. Corporations can own life insurance on its key employees under whats known as "key man insurance". Most companies will not purchase individual life insurance on just any employee. In addition corporations can get group insurance policies for all of their employees. These policies extend coverage to eligible employees and is owned by the corporation.

   Answered on June 4, 2013

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