An employer-owned life insurance policy on an owner’s life may or may not be critical to the future of your S corporation.
In some instances the life insurance policy may provide enormous benefits. But other times it’s a huge waste of money, costing you thousands in unnecessary premium payments.
Two things to think about here:
Would an employer-owned life insurance policy benefit your S corporation?
How do you set up that life insurance to ensure tax-free death benefits?
This article shows you when your S corporation can benefit from a life insurance policy and how to properly structure such a policy. ... Log in to view full article.