MR Posted March 28, 2002 Posted March 28, 2002 if a partner in an LLC wishes to purchase life insurance through his plan, it looks like the premiums are not deductible to the LLC. It may be, however, only the PS58 costs that are not deductible. For example, if the premium is $6,000 and the PS58 cost is $200, the employer could deduct $5,800. True? Also, can a trust be the beneficiary of such a policy?
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