Business Insurance
» Business Insurance, Volume 2, Issue 7, 2002
6. Do you carry extra life insurance on yourself for the sole purpose of paying any potential estate and/or gift tax on your business?
| Response | ||||
|---|---|---|---|---|
| 1 | Yes | 33 | ||
| 2 | No | 60 | ||
| 3 | (Not the owner) | 6 | ||
| 4 | DK/Refuse | 2 | ||
| Total (%) | 101 | |||
| N | 754 | |||
Notes: Thirty-three (33) percent of small employers carry extra life insurance for the sole purpose of paying any potential estate and or gift tax on the business (Q#6).
