TOOLS & TECHNIQUES OF LIFE INSURANCE PLANNING

44.9 Zeta Corporation is using life insurance to provide a $200,000 death benefit to the beneficiary or estate of T. A. Gordon, a key executive. Zeta Corp. expects to be in a 34% tax bracket when the benefit is paid, so a $132,000 policy has purchased on Gordon’s life. Zeta Corp. is the owner and beneficiary of the policy and pays the premiums. ................
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