• Home
• Insurance Forums
  Auto Insurance Life Insurance Health Insurance Home Insurance Disability Insurance Business Insurance Insurance Frauds Company & Specialty Insurance Insurance Agents The Pub
• Auto Insurance
• Health Insurance
• Life Insurance
• Home Insurance
• Disability Insurance

Taxability regarding keyman insurance policy.

Message	Author
Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Posted: Sat Mar 14, 2009 6:02 am   Post subject: Taxability regarding keyman insurance policy.   when can we transfer the policy on the name of the employee so that the company can have maximum benifit? can we transfer at few months before maturity time so as to avoid the taxability on maturity value and to have premium deductible expenditure?	parbatodedara New member Joined: 14 Mar 2009 Posts: 1 1.27 Dollars($)
Posted: Sat Mar 14, 2009 11:33 am   Post subject:    I'd suggest you to discuss the matter with your agent. He is the best person to guide you in this regard. However, I think it would be better to transfer the policy before the maturity 'cause the maturity value would become taxable for the company. ~Jeremy	JeremyHolter Senior member Joined: 06 Jun 2007 Posts: 1194 210.30 Dollars($)

Quick Reply
Your Name
Subject
Message body

All times are GMT

Page 1 of 1