A Small Tax Change Is a Boon for Permanent Life Insurance
A Small Tax Change Is a Boon for Permanent Life Insurance Insurers worried that a government rule from 1984 threatened certain products—and sought Washington’s help A change by Congress will generally increase the amount of money that policyholders can contribute to their so-called cash-value accounts. Photo: Samuel Corum/Bloomberg News By Jan. 10, 2021 8:00 am ET Federal lawmakers’ big year-end spending package includes a little-noticed revision of the tax code that is likely to boost sales of life insurance, particularly for wealthy American...
Source: wsj.com