Which Life Insurance Premiums Are Tax Deductible?

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   Mark Taylor

   Licensed Life Agent, Life and Finance/ 50 States, New York

   Many premiums of insurance policies are tax deductible as a business expense. Life Insurance,  disability insurance but deductions will have to be repaid, health. insurance only if used for medical expenses, and more pertaining to business expense only. Employers who take out insurance on the employees or as a group will receive the tax break but the beneficiaries will receive the benefits tax free.

   Answered on February 17, 2014

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