Congress may target life insurance's tax-free benefits, experts say

12/3/2012 | National Underwriter Life & Health

Clients who buy life insurance for its tax-free benefits should be prepared in case those advantages are cut or eliminated as Congress works to address the "fiscal cliff," Robert Bloink and William Byrnes write. Under consideration are provisions that would tax accumulated interest, end deductions for corporate-owned policies and step up reporting requirements for transfers of certain policies, they write.

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National Underwriter Life & Health

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