Can Life Insurance Be Salary Sacrificed?

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   David RacichPRO

   Fountain Hills, Arizona

   This question appears like an inquiry from the UK, a country known for the phrase salary sacrifice. In US terms, compensation can be arranged in several ways to maximize a person’s compensation package of earnings and benefits. Some pension contributors trade salary for benefits, both qualified and non-qualified.  Some qualified plans may include life insurance. Generally, executive non-qualified plans can include life insurance such as section 162 bonus arrangements and other deferred comp plans.
     

   Answered on May 18, 2013

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