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March 04, 2006 at 01:00 AM
Groups that represent life insurance agents are warning against the dangers of poorly planned efforts to change the tax code.
Executives at the National Association of Insurance and Financial Advisors, Falls Church, Va., and a sister group, the Association for Advanced Life Underwriting, have reacted to this week’s National Summit on Retirement Savings by repeating criticism of Bush administration proposals to revamp tax incentives for saving and investing.
The proposals could replace tax breaks for annuities, life insurance policies, and many types of individual and employer-sponsored retirement accounts with a system of 3 new types of savings accounts.
