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|Overview; Tax Law Change Affects Taxation of Proceeds from Employer-Owned Life Insurance (PDF)|
Bond, Schoeneck & King
Nov. 27, 2006
2 pages. Excerpt: The new law is directed primarily at employer-owned life insurance policies covering a broad-based employee population, which are essentially an investment vehicle for the employer. Provided the employee notice and consent requirements are met, proceeds of the typical key-person life insurance policy will remain non-taxable to the employer because the policy will qualify under one of the exceptions described [in the target document].
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