Make Life Insurance Tax Deductible

Life Insurance in a
Qualified Retirement Plan

Small businesses sometimes choose to purchase life insurance as a funding option for their qualified retirement plan.  There are a number of advantages in doing so:

     ~  Tax-Deductible Premiums
     ~  Income Tax Advantage at Death
     ~  Reduced Personal Expense
     ~  Pre-Retirement Death Benefit
     ~  Easily Understood Benefit
     ~  Conservative Plan Funding
     ~  Guaranteed Issue and Simplified Issue

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Advantages in a
Qualified Retirement Plan

To purchase life insurance outside the plan, an individual bears the entire cost of the premium.  Purchasing life insurance through a qualified plan can be cost effective for the business as well as an added benefit to eligible employees.

Click here to see an example »

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