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).