Paying Life Insurance Premiums with Company Cash Flow: The Tax Effect

Successful C Corp, S Corp, and LLC business owners often want to use the cash flow from their business to pay life insurance premiums. These premiums may be for either employer-owned polices or for personally owned policies, depending on the specific insurance protection needed. Tracking the income tax effect of that business cash flow is … Continue reading

Split-Dollar Life Insurance

A split-dollar plan allows for the splitting of cash values and the death benefit between two entities or individuals. Split-dollar has been utilized for years in funding large-premium life insurance. This type of plan can be used by individuals to fund expensive premiums, or is often used by corporations to fund a policy for an … Continue reading