Which of these is considered a major tax advantage of life insurance?

Which of these is considered a major tax advantage of life insurance?





  • Tax credits are available for life insurance premiums paid
  • Annual earnings are tax free
  • Premiums are tax deductible by an employee if paid for by an employer
  • Income tax is typically not owed on proceeds paid directly to a beneficiary




Answer: Income tax is typically not owed on proceeds paid directly to a beneficiary

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