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Company-Owned Life Insurance - Journal of Accountancy
- https://www.journalofaccountancy.com/issues/2000/jan/companyownedlifeinsurance.html
- There is an exception to the interest disallowance rule for interest on debt with respect to life insurance policies covering key persons. A key person is an individual who is either an officer or a 20% owner of a corporation’s total combined voting power or who owns a 20% capital or profits interest in a noncorporate entity. The number of people who can be treated as key persons may not exceed the greater of (1) five individuals or (2) the lesser of 5% of the total number of officers …Estimated Reading Time: 3 mins
Are Officer Life Insurance Premiums Deductible? Boyum ...
- https://myboyum.com/business-tax/officer-life-insurance/
- Jan 01, 2018 · Officer Life Insurance. 01/01/2018. Chris Wittich. Many companies have life insurance on key employees and officers. Kind of grim subject, but obviously if the key officers or shareholders get hit by a bus and dies, the company is going to have some rough times. The life insurance …Estimated Reading Time: 1 min
Corporate Officers - National Guardian Life Insurance Company
- https://nglic.com/Who-We-Are/Corporate-Officers
- President & Chief Executive Officer. Knut A. Olson is President & CEO of National Guardian Life Insurance Company and is a member of the Board of Trustees. Olson joined NGL in 2019 with nearly 30 years of insurance experience, beginning as an insurance agent and advancing to various leadership roles managing life insurance, annuities, investment products and insurance operations.
Is Officer Life Insurance Deductible? Pocketsense
- https://pocketsense.com/officer-life-insurance-deductible-8558318.html
- Jul 27, 2017 · Officer and employee life insurance are deductible to the company if the officers and employees themselves are the beneficiaries. However, this doesn't provide any financial benefit for the company in the event of a death. If the company itself is a beneficiary under the contract, the premiums are not deductible.Author: Madison Garcia
Corporate Officers - Universal Fidelity Life Insurance Company
- https://www.uflic.com/index.php/our-company/corporate-officers/
- Jul 06, 2015 · Mr. Haggard is Chief Executive Officer of Universal Fidelity Life Insurance Company (UFLIC), and serves on its Board of Directors as its Chairman. Prior to his employment with UFLIC , he was a merger and acquisition consultant with Ernst and Young CPA, and chief financial officer for companies in the telecommunications and laser systems industries.
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