Is purchasing a Split Dollar Life Insurance policy a good idea for my business? - Ask TaxGuru

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01-21-2009, 11:29 AM

obrien is offline

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Join Date: Jan 2009

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Is purchasing a Split Dollar Life Insurance policy a good idea for my business?

I know this is not a tax question, but it is related to my business tax planning.

Would you recommend a "Split Dollar Life Insuarance" for my business? I have been asked by my financial planner that I purchase this product for my closely held corporation. Does it make sense to own one??

Any thoughts would be most welcome...!

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