Sentences with phrase «deduct life insurance premium payments»

The employer can deduct life insurance premium payments for up to $ 50,000 of coverage per employee, so long as the employer is not the beneficiary.

The employer can deduct life insurance premium payments for up to $ 50,000 of coverage per employee, so long as the employer is not the beneficiary.

The employer can deduct life insurance premium payments for up to $ 50,000 of coverage per employee, so long as the employer is not the beneficiary.

Not exact matches

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

Indexed universal life policies put a portion of the policyholder's premium payments toward annual renewable term insurance with the remainder added to the cash value of the policy after fees are deducted.

Ordinarily, this charge is deducted from your life insurance premium payment before it is applied to your policy.

In a universal life insurance policy, premium payments are all made into the policy cash value, and the cost of insurance is deducted from the cash value.

The premium payments are deducted from the paycheck before taxation, although some types of group life insurance may have taxable cash values based on employee participation values.