Focus Session: Protection
10:30 a.m. – 11:30 a.m.
Avoid the Pending Tax Disaster Facing Employer-Owned Life Insurance
Richard L. Olewnik, J.D., CLU
Contrary to the common belief that life insurance death benefits are received income tax-free, the Internal Revenue Code now provides that life insurance death benefits paid to employers are generally taxable. (This applies to policies issued or subject to a material change after August 17, 2006.) Are you currently prepared to guide your clients through the steps necessary to qualify for available exceptions? Learn how to make your business clients aware of the threat and position them to qualify for the exceptions that exist. If you work in the business market, do not miss this session.
Appeal: US
Level: Advanced