Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Regulation and Compliance > Federal Regulation > IRS

Pru Talks To Producers About IRS Split-Dollar Ruling

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Sept. 25, 2003, 12:15 p.m. EDT – Prudential Financial Inc., Newark, N.J., has developed a program to explain how it wants financial advisors to respond to the new federal split-dollar life insurance regulations.

The Internal Revenue Service regulations could expose some users of split-dollar arrangements to higher tax bills.

But “sales professionals need to be mindful when handling existing plans so that they do not disturb arrangements that retain the more favorable tax treatment,” Terri Getman, a Prudential vice president, says in a statement about the ruling.

Prudential has responded to the IRS ruling by putting together a package of tax and legislative updates, consumer presentations, and answers to frequently asked questions.

Prudential also is organizing conference calls on the subject for financial advisors and offering advisors one-on-one discussions with members of the company’s advanced marketing staff.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.