Can You Take Out Life Insurance On An Employee?

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   David RacichPRO

   Fountain Hills, Arizona

   You Can Take out Life Insurance on an Employee if there is insurable interest and with their acknowledgment via their signature as the policy insured. Many business owners purchase life insurance on their key personnel or business partners. Some businesses use life insurance in deferred compensation plans to fund executive compensation.
    

   Answered on June 23, 2013

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