What Is PS 58 Cost For Life Insurance?

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   David RacichPRO

   Fountain Hills, Arizona

   The PS 58 tables were an IRS provided table of one-year term premiums used to valuate the economic benefit of life insurance protection in split dollar and qualified plans for income taxation purposes. The additional value of coverage is deemed an extra benefit for income tax purposes. We currently use the IRS provided 2001 tables.

   Answered on July 10, 2013

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