The current economic crisis has seen huge increases in government expenditures to stimulate the economy. As per usual, increased expenditures cause politicians to seek new sources of revenue to ameliorate the inevitable deficits that result.
This is causing the two of us to wonder if the long predicted change in the tax structure of life insurance products–to tax the inside build-up of cash values–may see daylight in the next few months.
Another issue is stirring too. Proposals are surfacing for…click here for entire article
Source: a July 20, 2009 article in National Underwrwriter Life Health by Norse N. Blazzard, JD, CLU, and Judith A. Hasenauer, JD, CLU. The authors are attorneys in the Pompano Beach, Fla. office of Blazzard & Hasenauer, P.C.