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July 5, 2020 CK

Are the premiums paid for USD life insurance tax-deductible?

No it is not and it will be treated like any other personal insurance premium.

Categories: InformationTags: dollar life insurance, insurance premiums, Life Insurance, USD life insurance

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Are the proceeds from a USD denominated life insurance policy taxable in South Africa?

Can USD denominated life insurance have additional benefits linked like disability or severe illness pay out features?

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