Key Man Life Insurance – Protect your Business if you lose a Top Producing Employee
Life Insurance Proceeds are Income Tax Free. irs.gov
You cannot deduct the cost of life insurance coverage for you, an employee, or any person with a financial interest in your business, if you are directly or indirectly the beneficiary of the policy. irs.gov Regulations 1.264-1
Internal Revenue Code §264 (Tax Deductions)
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