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Home ยป Archives for October 12, 2007

Can A Section 162 Executive Bonus Plan Be Used To Fund Business Life Insurance?

by Ed Hinerman | Oct 12, 2007 | business life insurance, buy/sell life insurance, insurance, life insurance

One of the downsides to the cost of business buy/sell or cross purchase plans is that the cost of the life insurance premium is not income tax deductible. All of us in business know that we really would like air to be deductible if it could be arranged. Let me qualify...

How Can You Tell If They Are Really In The Life Insurance Business?

by Ed Hinerman | Oct 12, 2007 | cancer, diabetes, heart disease, Independent agent, insurance, life insurance, whole life

There are life insurance agents and there are people who also sell life insurance. What does that small difference mean to you? I talk with my Farmers agent every so often about my auto or homeowners and he inevitably asks how business is going. It really leaves him...

Private Pilots Need To Pay Attention, Not Pay Higher Life Insurance Cost!

by Ed Hinerman | Oct 12, 2007 | insurance, life insurance, private pilots

About two-thirds of all private pilots belong to the AOPA, Aircraft Owners and Pilots Association. The AOPA is a self proclaimed advocacy group for pilots. One of the things they have pushed for years is life insurance through AOPA, underwritten by Minnesota Life. I...

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