Life Insurance Tax … Need Some Help Please !!!?

Write something in context to these –

Life Insurance Tax,
tax on life insurance payments, c
orporate owned life insurance tax,
excess life insurance tax,
life insurance and income tax,
life insurance and tax,
life insurance annuity tax,
life insurance distribution tax,
life insurance dividends tax,
life insurance policy tax,
life insurance proceeds income tax,
life insurance proceeds tax,
life insurance proceeds tax free,
life insurance settlement tax,
life insurance tax free,
life insurance tax reserves,
tax basis life insurance,
tax of life insurance,
tax on life insurance,
tax on life insurance dividends,
key man life insurance tax,
key person life insurance tax

Accounting Question? (3) Multiple Choice?

A company borrowed $300,000 cash from the bank by signing a 5-year, 8% installment note. The present value of an annuity at 8% for 5 years is 3.9927. Each annuity payment equals $75,137. The present value of the note is:

a) $75,137
b) $94,013
c) $300,000
d) $375,685
e) $1,197,810

show work please…. thank you.

LIC Policy requires clarification?

Dear Friends,

LIC “Proposal for Insurance on Own Life” Form or application was sent to me. What is the purpose of it? What are its advantages and disadvantages of this policy?

Actually I want to enroll into LIC – Marriage Endowment Or Educational Annuity Plan. Can i enroll online? What are the advantages and disadvantages of this policy? Is there any application or Form Available so that i can download?

Please suggest.


LIC Market Plus Claiming of Sec 80C?

The premium or other payment paid on any insurance policy other than a contract for a deferred annuity shall be eligible for deduction to the maximum extent of 20% of the actual capital sum assured

under which kind of insurance policy covered by the maximum deduction of 20%?