Is Life Insurance Deductible For A Corporation?

  1. 4249 POINTS
    Gary Lane
    President, Lane Independent Agency, Southern California
    If the corporation purchases the life insurance for one of their Key Employees, and the beneficiary is the corporation, then Yes, the premium is a deductible business expense. New York Life does countless Key Employee Life Insurance Policies and I would be happy to discuss it with you. Gary Lane, Registered Representative, New York Life, 949 797 2424. Thank you.
    Answered on December 20, 2013
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