The premium paid by the employer is treated as an allowable business expense
In a death claim the policy money is payable to the company
Death claim proceeds are treated as taxable income of the employer
All of the above
✅ The correct answer is D.
In a keyman’s policy the premium paid by the employer is treated as an allowable business expense, in a death claim the policy money is payable to the company and death claim proceeds are treated as taxable income of the employer.
In a keyman’s policy the premium paid by the employer is treated as an allowable business expense, in a death claim the policy money is payable to the company and death claim proceeds are treated as taxable income of the employer.