Business Overhead Expense (BOE) benefits are taxable

Which of the following is not a true statement about tax liability for these coverages?

 Business Overhead Expense (BOE) premiums are tax-deductible as a business expense.

 Business Overhead Expense (BOE) benefits are not taxable.

 Disability Reducing Term Insurance premiums are not tax-deductible for a business.

 Disability Reducing Term Insurance benefits are not taxable.

Correct

Business Overhead Expense (BOE) benefits are taxable.