Can my small business write off the premiums for a key person insurance policy if I am the owner nearing retirement age and my business partner is much younger?
Download run
Fan-out diagram
The searches the AI actually ran for this prompt.
SEED QUERY
Can my small business write off the premiums for a key person insurance policy if I am the owner nearing retirement age and my business partner is much younger?
1 real search · 1 real-search pass
IRS life insurance premiums business beneficiary key person insurance deduction IRC 264(a)(1) employer owned life insurance 101(j)Google ↗
OBSERVED
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
Classifying 1 queries…
Searches and sources
ChatGPT1 real searches · gpt-6
IRS life insurance premiums business beneficiary key person insurance deduction IRC 264(a)(1) employer owned life insurance 101(j) Google ↗
- 26 U.S.C. § 264: Certain amounts paid in connection with insurance contracts · uscode.house.gov
- Publication 334 (2025), Tax Guide for Small Business · irs.gov
- 26 U.S.C. § 101: Certain death benefits · uscode.house.gov
- Internal Revenue Bulletin: 2009-24 · irs.gov