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	<title>New answer on: Is Voluntary Life Insurance A Pretax Deduction?</title>

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		<title>By: Larry Gilmore</title>

		<link>https://www.insurancelibrary.com/life-insurance/is-voluntary-life-insurance-a-pretax-deduction</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Mon, 06 May 2013 03:27:23 +0000</pubDate>

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		<description><![CDATA[If you own and pay for the voluntary life plan you do not want it to ba taken pre-tax unless you absolutely hate your beneficiary as by taking a tax deduction for your life insurance, that action makes the benefit a taxable occurance.  Currently employers can deduct the expense of life insurance up to 50,000 face amount as a busines expense and the outcome to the employee is not taxed. The employee never paid the premium, the employer did as a benefit. It is much different if the employee pays. There may be some very rare situations where you can deduct the premium, but that is very rare.]]></description>

		

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/is-voluntary-life-insurance-a-pretax-deduction</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 04 May 2013 13:34:35 +0000</pubDate>

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		<description><![CDATA[Voluntary life insurance that exceeds the $50,000 provided to you by your employer does not receive any tax deduction. However, the death benefit left to your beneficiary is usually tax free, which can be a consideration when looking at the big picture.]]></description>

		

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