Life insurance in qualified plans.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1993. The length of the article is 1223 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Pension and profit-sharing plans offer may provide life insurance in the form of incidental death benefits. If employees or their beneficiaries receive the proceeds of the life insurance, the cost of the plan must be included in employees' gross income. Beyond cash surrender value, life insurance proceeds are excluded from income. The best way to get both investment return and life insurance within a pension plan is to purchase only term insurance with a low value before death with plan assets.

Citation Details
Title: Life insurance in qualified plans.
Author: Tracie K. Henderson
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n6 Page: 378(2)

Distributed by Thomson Gale