Why Are Life Insurance Premiums Taxable?

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   David RacichPRO

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   Life insurance premiums outside a qualified plan are generally paid with after tax dollars. There are strategies that use life insurance like a 412(e) plan or limited use in contribution plans, i.e. participating whole life insurance at 49.5% of contributions or universal life insurance at 25% of planned contributions. 
   
   

   Answered on June 28, 2013

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