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COLI |
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? References in periodicals archive |
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Senate Finance Committee has approved legislation saving key tax benefits for companies that buy corporate-owned life insurance policies on their employees. To avoid these problems and meet nonqualified benefit obligations in a more predictable and manageable manner, many companies are turning to corporate-owned life insurance (COLI), particularly variable life policies, which can mirror mutual funds. However, there is a question as to whether this exclusion is applicable if the beneficiaries of the corporate-owned life insurance policy are the insured's family or estate. |
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