• 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

Key Man Insurance

Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList

InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 InsTeacher's Home Page Location: Oregon, USA 118.58 Dollars($)	Posted: Thu Feb 04, 2010 5:58 pm   Post subject:    Keyperson coverage is an individual policy on the life of a key employee. The beneficiary is the employer. InsTeacher
K.Kesava Rao Guest 1.00 Dollars($)	Posted: Thu Mar 11, 2010 6:57 am   Post subject: Taxation on Partnership Keyman Insurance   Please clarify how to caluclate the tax on assigning the Partnership keyman insurance to one of the partner during the policy tenure _________________ Register Now to have your Insurance queries solved.
InsTeacher Moderator Joined: 13 Aug 2007 Posts: 1331 InsTeacher's Home Page Location: Oregon, USA 118.58 Dollars($)	Posted: Fri Mar 12, 2010 12:01 am   Post subject:    Quote: Please clarify how to caluclate the tax on assigning the Partnership keyman insurance to one of the partner during the policy tenure Are you talking about assigning ownership of the policy to the employee prior to the employee leaving the company? What kind of tax information are you looking for? If you could be a bit more specific, we can help! InsTeacher
anonymous101 Guest 1.00 Dollars($)	Posted: Mon Mar 15, 2010 4:30 pm   Post subject:    if key man insurance if put on all owner's of a corporation and 1 or more pass away, does the insurance payment represent a taxable benefit to the corportation? _________________ Register Now to have your Insurance queries solved.
BNTRS Senior member Joined: 05 Nov 2009 Posts: 824 BNTRS's Home Page 12.54 Dollars($)	Posted: Wed Mar 17, 2010 2:51 am   Post subject:    No, that's why they can't deduct the premiums paid from their income.
SUSU Guest 1.00 Dollars($)	Posted: Sun Apr 25, 2010 5:41 am   Post subject:    why is key mans life insurance with the corporation names as beneficiary premiums nondeductible and keymans life insuance with the spouse and children as beneficiaties premiums deductible? _________________ Register Now to have your Insurance queries solved.
Anonymous1 Guest 1.00 Dollars($)	Posted: Mon Jun 14, 2010 8:06 pm   Post subject: Key Man disability coverage   I am trying to gather info on pricing for key man disability insurance for my start-up. I would like to get $1 million in coverage. It looks as though this will cost several thousand dollars annually. Is it possible for you give me any more detail on the cost of such insurance? Thanks! _________________ Register Now to have your Insurance queries solved.
Chong Guest 1.00 Dollars($)	Posted: Fri Jun 18, 2010 10:33 am   Post subject: Tax deduction   Sir, I have couple of questions in regard of tax deduction for keyman insurance. What type of company entitle for tax deduction, for keyman insurance ? Is Sole proprietor, Enterprise or Sdn Bhd company entitle ? Thanks & regards, Chong _________________ Register Now to have your Insurance queries solved.
peggy Guest 1.00 Dollars($)	Posted: Mon Oct 11, 2010 4:37 pm   Post subject: key person estae duty implication   can you please tell me when a keyman policy will be subject to estate duty? _________________ Register Now to have your Insurance queries solved.
MaxHerr Moderator Joined: 29 Nov 2009 Posts: 4218 MaxHerr's Home Page Location: Pomona CA 162.55 Dollars($)	Posted: Mon Oct 11, 2010 8:49 pm   Post subject:    If you are asking about estate taxes in America, a key person policy is payable to a business. Only if the business is being operated as an unincorporated sole-proprietorship might the owner of the business have an estate tax liability if a key person policy pays a death benefit, and then the business owner dies with the value of the policy in his/her estate. In other business operations, such as general partnerships, limited liability companies/partnerships, corporations, the entity usually has a life of its own and estate taxes on the estate of the entity would only apply if the entity was dying with a certain amount of assets subject to taxation. When most companies "die", there is sometimes very little in the way of assets remaining after creditors get their share. As for estate taxes outside the US . . . ??? _________________ California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance!

Quick Reply
Your Name
Subject
Message body

All times are GMT  Previous  1, 2

Page 2 of 2