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An advantage of corporate ownership of life insurance is that the premiums can be funded by the corporation at the corporation tax level instead of having the insured individual personally fund the premiums from after tax dollars derived from salary or a bonus.

Disclaimer:

"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."

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