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	<title>New answer on: Can A Corporation Deduct Life Insurance Premiums?</title>

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/life-insurance/can-a-corporation-deduct-life-insurance-premiums</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 09 Jun 2013 03:43:17 +0000</pubDate>

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		<description><![CDATA[Life insurance as a standalone product is not deductible. However, life insurance in a qualified plan is deductible. The life insurance portion of the annual contributions can use whole life (49.5%) or universal life (25%). In 419 DBO plans life insurance is strictly a death benefit product and can also be deductible. Executive bonus plans can compensate an employee in a bonus arrangement, but the purchase of the life insurance is outside the corporation, but may as a balance sheet transaction may in end with the same result.
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