Are existence insurance proceeds taxable if premiums are remunerated as an member of staff benefit?
Answers: Not yet.
They might be after Obama gets contained by
No.
It sounds like you're talking give or take a few a split-dollar or 162 bonus plan. As long as it is not in a tax-qualified plan, the death benefit avoids income taxation. Of course, you should see an accountant for suggestion that applies to your specific situation, including if your estate might be subject to taxation (this applies to wealthier folks).
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