In this video, we explore the tax implications of Key Person Insurance. We explain what Key Person Insurance is and how it works, and then we dive into the question on everyone's mind - is it tax deductible? We provide a clear answer to this question and give examples to help understand how the deduction works. We also discuss the benefits of Key Person Insurance for businesses and how it can provide protection from financial losses. Whether you're a business owner or just interested in insurance and taxes, this video is a must-watch. Join us as we break down the complexities of Key Person Insurance and its tax deductible status.
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