In a keyman’s policy

A. The premium paid by the employer is treated as an allowable business expense

B. In a death claim the policy money is payable to the company

C. Death claim proceeds are treated as taxable income of the employer

D. All of the above

Answer: Option D

Solution(By Examveda Team)

In a keyman’s policy the premium paid by the employer is treated as an allowable business expense, in a death claim the policy money is payable to the company and death claim proceeds are treated as taxable income of the employer.