Six-figure student debt doesn't disqualify most physicians from practice ownership. Here's how lenders weigh cash flow after overhead, debt service coverage and your own production, and how to calculate each before you negotiate price.
|Articles|November 7, 2008
Q&A: Estate taxes on life insurance?
Is it true that life insurance is not subject to estate taxes?
Advertisement
Q: Is it true that life insurance is not subject to the estate tax?
A: Life insurance is generally not subject to income or capital gains taxes upon the death of the insured. But a policy cashed prematurely (during life) could result in taxable gains because of cash build-up within the policy, similar to any other investment. For federal estate tax purposes, life insurance proceeds are taxable, although there is an exemption when the proceeds go to a surviving spouse. Furthermore, there is a way to have life insurance owned by a trust that will keep the proceeds out of your taxable estate and avoid the federal estate tax upon your death. A qualified tax attorney can help you with this.
Advertisement
Related to this article
A year-end push to protect patient access as the 2027 fee schedule cuts physician pay
CMS scaled back its same-day E/M payment cut in the final 2027 physician fee schedule, but the 20% reduction still costs practices money and patients time. Here's what practices should audit now and what physicians should ask Congress before the lame-duck session ends.
Physician practices are a specified service trade or business under Section 199A. Here's how the 20% QBI deduction phases out, with 2026 IRS thresholds.
Goodbye G2211, hello B1 and B2: what the 2027 Medicare Physician Fee Schedule means for primary care
Will primary care actually get paid more under the 2027 MPFS? Here's how to get ready for it
American Osteopathic Association leaders discuss the profession’s record growth, its training pipeline and the pressures facing practicing physicians.
A new patient survey finds most people who ran into a prior authorization delay or denial abandoned care, even though nearly half of those who appealed won. Here's what that means for physician practices.
The top news stories in medicine today: The AMA moves against insurer downcoding and says AI can't be licensed as a physician; a Jacksonville pharmacy owner is indicted in a $51 million health care fraud scheme; an NIH study finds every participant carried a gene variant that can affect drug response.
Advertisement
Advertisement
Trending on Medical Economics
1
10 telehealth tips for physicians heading into 2027
2
Why Medicare’s 20% modifier 25 cut still penalizes same-day care
3
AMA targets downcoding, AI licensure; Jacksonville pharmacy owner indicted in $51M fraud; drug-response gene variants found in every participant — Morning Medical Update
4
Can you afford to buy a medical practice? The 3 numbers lenders check first
5