Tax question

If a company holds 2 life insurance policies on a chairman of a company, one which will be paid to his wife upon death and another that is paid to the estate of the company founder are the premium expenses deductible to the company?

Is there any difference due to there being different beneficiaries?

What if the policy paid to the founders estate is a keyman life policy?

Thanks in advance for any info.

FOR A CORP:

WIFE BENEFICIARIES-DEDUCTIBLE ON THE COMPANY PART BECAUSE THE WIFE GETS IT.

COMPANY BENEFITS-NO BECAUSE WHEN HE DIES THEY ARE GETTING THE $$$ TAX FREE. SO THE BENEFITS CANNOT BE DEDUCTED.