Life Insurance News

 

Books

An Historical Analysis of the Tontine Principal

Harvard Law Review – Keeton 1970 – Insurance Law Rights at Variance with Policy Provisions

The Incontestable Clause – L. M. Villaronga

The Suicide Case – James L. Nolan

 

 

Articles

 

2003 Insurance Tax Year in Review: Part I -- Federal Tax Matters - by Richard J. Burness, Gregory L. Stephenson, and J. Howard Stecker

 

2003 Insurance Tax Year in Review: Part II - Product Tax Matters - by Frederic J. Gelfond

 

2003 Insurance Tax Year in Review: Part III - State and Local Tax Matters - by Richard J. Burness and Rick Carlson

 

2003 Insurance Tax Year in Review: Part IV -- International Tax Issues - by Diana Chapman, Jim Cohen, Mary Gillmarten, and Richard Safranek

 

2005 Insurance Tax Year Review: Part I -- Federal Tax Matters

 

A—Definition Of "Life Insurance" For Income Tax Purposes

 

A—Rights Of Creditors In Insurance

 

B—Digests Of Insurance Exemption Laws

 

B1—Taxation Of Proceeds Payable At Death

 

C—Taxation Of Proceeds Payable During Life

 

C—UL And VUL—Tax Advantaged Asset Accumulation

 

D—Gain Or Loss On Surrender Or Sale

 

E—Non-Taxable 1035 Exchange Of Contracts

 

F—Tax Treatment Of Premium Payments

 

G—Tax Treatment Of Policy Loan Interest

 

AALU and NAIFA Urge Revision of Proposed Split-Dollar Regs

 

ACLI Urges Changes in Proposed Welfare Benefit Fund Regs

 

AICPA Letter Suggests Changes to Proposed Split-Dollar Regulations

 

A TV Show Exploits a Craze and Aids Charitable Causes

 

A Win-Win Option for Charity and Tax Policy

 

Act 218 of 1956 Life Insurance Code

 

The Adequacy of Life Insurance Coverage in U.S. Households

 

Americans' Life Expectancy Rose to Record High in 2003

 

Amounts Received As An Annuity

 

Annuities and Individual Welfare

 

Insured Annuity

 

Can Life Insurance Be Used To Hedge Payout Annuities

 

Annuity Swap is Tax-Free

 

Annuity Tables

 

Arbitrage

 

Are Life Insurance Company Downgrades on the Rise?

 

Attorney Points Out Inconsistencies in Split-Dollar Regs

 

Backdating State Limitations

 

Bankers Association Says Definition of Trust Income Conflicts With State Law

 

Bankers Quarterly BOLI in the Community Bank

 

Cancellation Of Policy Subject To Loan Can Generate Taxable Income

 

Cash Surrender Value Is Includable in Income – Jensen v Commissioner of Internal Revenue

 

Darlene Chandler - IRS Considers Trust A `Natural Person' For Annuity Purposes

 

Charities Look to Benefit from New Twist on Life Insurance

 

Charitable Giving 2003: Big and Small

 

Chief Counsel Advice Clarifies Deductibility of Health Insurance Premiums for Self-Employed Individuals Under I.R.C. §162(l)

 

Combining Life Insurance and Annuity Policies to Create a Financial Engine for a Nongrantor CLAT

 

Congressional Gifts

 

Consultant Comments on Proposed Employee Benefit Plan Regs – Russell J. Mueller

 

Congress Moves To Crack Down On Investor-Owned Life Insurance

 

Cox Bill Would Let Individuals Deduct Health Care Costs

 

Albert B. Crenshaw, Certain Life Insurance Policies Benefit Some More Than Others

 

Collateral Opportunities and the Secondary Market

 

Credit Protection and Life Insurance – January 2006

 

Creditor Protection for Life Insurance and Annuities

 

Defend Insurable Interest – Or Else

 

Definition Of "Life Insurance" For Income Tax Purposes

 

Delaware Court of Chancery Again Dismisses Wal-Mart

 

DOL Ruling on Life Insurance and Qualified Plans

 

Duhaime vs. John Hancock – US Court of Appeals

 

Writer Criticizes Proposed Regs on Split-Dollar Life Insurance Plans – John Peluso

 

Writer Criticizes Proposed Regs on Split-Dollar Life Insurance Plans – Edward Marron and Christina Simonte

 

Definition Of "Life Insurance" For Income Tax Purposes

 

Exceptions Take a Toll on Preferred Life Underwriting, Swiss Re Finds

 

Executive Brief Premium Finance Plus

 

Executive Brief Life Settlements

 

Executive Brief Settlement with a Paid Up Policy

 

Ever Cheaper: Getting a Deal On Your Term Life Insurance - By KAREN DAMATO - February 21, 2007

 

Federal jury in Las Vegas awards $11.6 million in insurance lawsuit

 

At Last: The Final Regulations Governing Valuation of Life Insurance Policies in Qualified Plans (CC 05-31)

 

Financial Strength of Life-Health Insurance Companies – Insurance Forum Sept. 2003

 

Financial Strength of Insurance Companies – Insurance Forum Sept. 2004

 

For Charities, a New Twist in Raising Money: Corporate Investors in Life-Insurance Policies

 

`Free' Life Insurance: Risks and Costs of Non-Recourse Premium Financing

 

Funded Credit Shelter Trusts as Potential Purchasers of Life Insurance

 

General Explanations of the Administration’s Fiscal Year 2006 Revenue Proposals

 

Giving Your All

 

Grassley Introduces Bill to Target Abuse of Life Insurance Contracts by Exempt Orgs

 

HELVERING v. LE GIERSE, Cite as 25 AFTR 1181 (61 S.Ct. 646), 03/03/1941 , Code Sec(s)

 

How Long Will Traditional Life Products Hold Their Appeal?

 

How to Tax Some Insurer’s Shares

 

Income Tax Aspects of Buy-Sell Planning Using Life Insurance

 

Industry Says There Is No Authority To Limit Split-Dollar Tax Status

 

Innovative Planning With `No Lapse Guarantee' Life Insurance

 

Inside MassMutual Scandal, An Angry Wife Sparked Probes

 

Insurable Interest

 

Conrad-Smith-Keating Letter – State Expansion of Insurable Interest

 

Insurance Departments

 

Insurance Forum 2005 Ratings Issue

 

Insurance Commissioners Sue Vatican Over Frankel

 

The Insurance Funded Family Bank

 

Insurance Programs Are Not All Alike

 

Insights & Strategies 9-02 Income and Gift Tax Planning

 

The Insurable Interest Requirement for Life Insurance: Recent Developments

 

Insurable Interest Rules for Charities—What’s it all about?

 

Insurance Forum – Secondary Guarantees, Marketers, Actuaries, Regulators and a Potential Disaster for the Life Insurance Business

 

Insurance Industry Targets Seniors

 

Insurance Plans of Top Executives Are in Jeopardy

 

Insurance Salesman Denied Deductions

 

Interest Credit Rating Change

 

Intra-Family Tax-Deferred Transactions Combined with a VUL Policy

 

IRS Issues Formal Guidance on Investor Control for Variable Contracts

 

IRS Issues Proposed Regs on Split-Dollar Life Insurance

 

IRS Rejects Crummey Powers for Charitable Beneficiaries of Irrevocable Trust (CC 03-26)

 

IRS Revokes Adverse Ruling on Contributions of Life Insurance

 

IRS Schedules Hearing on Proposed MRD Regs for Annuity Contracts

 

Is it for You or Your Family?

 

Japan Passes Law Allowing Life Insurers to Cut Payouts

 

Japanese Insurers - Ready for the next tsunami?

 

David Cay. Johnston, Insurance Loophole Helps Rich

 

Seymour Goldberg Advisory Opinion on PTE 92-5

 

Larger Than Life – Bloomberg

 

Late in Life, Finding a Bonanza in Life Insurance

 

Leaky Shelters

 

Lehman Brothers – Everybody, Not Just MET, Shaving Tables

 

The Liberation of Life Insurance - WSJ

 

Steve Leimberg, PLR 200244023 – Using Annuity to Preserve Stretchout for Retirement Benefits

 

Steve Leimberg  Now Back To Tuka And Disability Income Rules

 

Steve Leimberg, REG-164754-01 Split-Dollar Life Insurance Arrangements

 

Steve Leimberg, Rev. Rulings 2003-91 and 92 - Private Placement Variable Life

 

Steve Leimberg, Rev. Rul 2005-40 - Risk Shifting and Risk Sharing Essential for Favorable Tax Treatment of Insurance

 

Steve Leimberg   Split Dollar Proposed Regs – Take II

 

Steve Laimberg  Split Dollar Regs Part I

 

Life Insurance Industry Responds to Advisory Panel’s Federal Tax Reform Options

 

Life-Insurance Premiums to Drop Again Next Year – WSJ 10/12/05

 

Life Insurance Products

 

Life Insurance Fact Book 2005

 

Life Insurance on the Move: Cross-Border Tax Implications and Opportunities for Canadian and U.S. Policyholders

 

Life Insurance: The Only Guaranteed Key to Success in Wealth Transfer Tax Planning

 

Life Insurance Transactions as Unrelated Business Taxable Income

 

Life Insurance Without an 'Insurable Interest'

 

Life Insurer’s Face A Profit Squeeze

 

Life Insurers Raise Coverage Limits

 

Life Insurers Charge Consumers More For Splitting Up Premiums

 

LTR 200314009  Scrivener's Error Won't Cause Trust's Inclusion In Estate

 

LTR 200247006  Policy Transfers Between Couple's Trusts Are Disregarded For Tax Purposes

 

LTR 200240052  Deferred Annuity Plan's Investments Not Disqualified By "Blended" Returns

 

LTR 200243047  Annuity Swap Is Tax-Free

 

LTR 9604001 Split-Dollar Arrangement Results In Current Income To Insured

 

LTR 9636033 Payments Under Private Split-Dollar Arrangement Are Not Gifts

 

Manulife  Bush Administration Releases Proposed Budget, Tax Plan

 

MassMutual Urges Modifications to Proposed SDLI Regs

 

MassMutual Agrees to Settle Suits for More Than $130M

 

MECs

 

MEC  Endowment Contract (MEC) Rules

 

MEC  Tax Implications

 

MetLife Near Deal for Citigroup Unit

 

Michigan Insurance Code of 1956

 

Missouri Agency Sues KPMG For Role in Collapse of Insurer

 

Moody’s - Moody’s 2003 Review and 2004 Outlook for the U.S. Financial Guaranty Industry

 

Moody’s – Moody’s Credit Policy

 

Moody’s – Non-Participating Rated Issuers

 

Moody’s – The Effectiveness of Credit Ratings as Indicators of Relative Industry Default Risk

 

Moody’s - U.S. Life Industry Exposure to Parmalat Is Manageable, But AFLAC Had Surprisingly Large Position

 

Moody’s - Moody's Views on Current Conditions in the US Life Insurance Industry

 

Moody’s - Liquidity Risk Assessment: Manufacturers Life Insurance Company

 

Moody’s - Moody’s Liquidity Model for U.S. Life Insurance Companies Model Revisions and Results: Year-end 2002 Data

 

Moody’s - Default & Recovery Rates of Corporate Bond Issuers A Statistical Review of Moody's Ratings Performance, 1920-2003

 

Moody’s - Rating Transitions and Defaults Conditional on Watchlist, Outlook and Rating History

 

Moody’s - Investors’ Public Access to Information in the US Life Insurance Industry

 

Moody’s - The Performance of Moody's Corporate Bond Ratings: March 2004 Quarterly Update

 

Moody’s - Moody’s Global Insurance Risk Monitor Spring 2004

 

Moody’s - French Life Insurance

 

Moody’s - The Effects of Aging on Public Sector Pensions and Healthcare Systems: A Rating Agency Perspective

 

Moody’s - Financial Guarantors Pursue Modest Diversification Outside Core Business

 

Moody’s - Chinese Life Insurance Industry Outlook

 

Moody’s - Moody’s Portfolio Risk Model Results Update

 

Moody’s - Lloyd's of London: Improved Policyholder Security and Enhanced Management Processes

 

Moody’s - UK Life Insurance

 

Moody’s - Beware of What You Price For: Credit Implications of UL Secondary Guarantees for U.S. Life Insurers

 

Moody’s - Credit Issues and Trends for US Life Insurance

 

Moody’s - Rating Triggers in the Financial Guaranty Industry: 2004 Update

 

Moody’s - Update: Rating Triggers in the U.S. Life Insurance Industry In 2004

 

Moody’s – Insurance Company Ratings

 

Mortality Swaps And Tax Arbitrage In The Canadian Insurance And Annuity Markets

 

Mortality Data Becoming More Critical - by Jim Connolly

 

Naic Viatical Settlements Model Act

 

NALU - Insurable Interest Concerns Mobilize Industry Groups

 

NALU - Securitization Of Life Settlements: A Pivotal Phase In The Product Life Cycle

 

NALU - Insurable Interest On NCOIL Agenda

 

NALU - Insurance Patents Invite Disruption

 

NALU - IRS Limits Use Of Life Hedge Fund Wrappers

 

NALU - A Better Fit Needed For Life Sales In Banks

 

NALU - Will Insurable Interest Case Be Sea Change Or Mere Ripple? Estate planning could be altered in many states

 

NASD Chairman Eyes Secondary Life Market

 

National Underwriter – The Life and Health Rankings Are Back!

 

National Underwriter – Full Disclosure’s Universal Life Report

 

New Federal Appellate Court Ruling Holds That Viatical Settlement Interests Are Investment Contracts, Requiring SEC Regulation (CC 05-18)

 

New Insurance Opportunities in Corporate Planned Giving (CC 06-09)

 

New Insurance Opportunities in Corporate Planned Giving Part I (CC 06-09)

 

The New IRS Guidance on Life Insurance Valuation: Implications for Pension Rescue (CC 04-07)

 

New York Insurance Department Disapproves Securitization Scheme for Lack of Insurable Interest (CC 04-11)

 

New York Insurance Department Invalidates SOLI Scheme (CC 06-04)

 

New York Insurance Dept opinion letter on insurable interest on SOLI

 

News Analysis: The Thin End of the Wedge on Deferred Compensation

 

Newsletter, Benefit-News #280-4, July 23, 2002, IRS clarifies welfare fund "10-or-more" employer plan rule

 

Newsletter, Benefit-News #280-5, July 23, 2002, IRS proposes split-dollar life insurance regs

 

Notice 2001-10 IRS Announces Interim Guidance For Equity Split-Dollar Life Insurance Arrangements

 

Table 2001

 

Notice 2002-8 Section 7872 -- Below-Market-Rate Loans

 

Notice 2002-8 Sec. 7872 Treatment of loans with below-market interest rates

 

Notice 2002-45 2002-28 I.R.B. 93 IRS Provides Rules On Health Reimbursement Arrangements

 

Old Line Life Insurance Dispute

 

Partial Exchange Annuity Transaction is Tax-Free

 

Planning and Investing With Private Placement Life Insurance

 

PA to end 20-year control of insurer

 

Patented Tax Shelter - WSJ

 

PLR 200120007 Gives Boost to Estate Planning with Life Insurance

 

PLR Finds Life Insurance Trusts Not Sufficiently Interrelated to be Reciprocal Trusts (CC 04-28)

 

PLR Highlights Application Of Transfer For Value Rule to Grantor Trust to Grantor Trust Transfer

 

Potential Capital Gain Treatment on the Sale of a Life Insurance Policy Under the Internal Revenue Code

 

Principal Life Implemented Changes to Universal Life Protector - EPP

 

Protected for Life: New Policies Cover Economic Downturn – WSJ

 

Publication 575 (2004) PENSION AND ANNUITY INCOME FOR USE IN PREPARING 2004 RETURNS

 

Recognizing Life Insurance's Value – WSJ 5-31-05

 

Regs Target Use of Annuity Contracts, Life Insurance as Tax Avoidance Vehicles

 

Reinsurers Brace for ‘Triggers’ – WSJ Oct. 2004

 

Reinsurance Accounting Has Fresh Anomaly

 

Rev. Rul. 2002-75: Assignment Of Annuity Contract For Consolidation Is Tax-Free Exchange

 

Rev. Rul. 2003-91  Section 61 Gross Income Defined

 

Rev. Rul. 2003-92  Section 61 Gross Income Defined

 

Rev. Rul. 55-747 1955-2 C.B. 228

 

Rev. Rul. 64-328 1964-2 C.B. 11

 

Rev. Rul. 66-110 1966-1 C.B. 12

 

Rev. Rul. 67-154 1967-1 C.B. 11

 

Rev. Rul. 78-420 1978-2 C.B. 67

 

Rights Of Creditors In Insurance—Rationale For The Insurance Exemption (CC 03-14)

 

Ruling clouds status of insurance trusts

 

S 993 IS - To amend the Internal Revenue Code of 1986 to impose an excise tax on amounts received under certain insurance policies in which certain exempt organizations hold an interest. (Introduced in Senate)

 

U.S. Sales of Offshore Insurance to Foreigners Streamlined But Issues Remain

 

Sarbanes-Oxley Won't Affect IRS Approach to Split-Dollar Rules, Says Treasury Official

 

Sarbanes-Oxley Won't Effect IRS Approach to Split-Dollar Rules, Says Treasury Official (short)

 

Ellen E Schultz & Theo Francis, How Life Insurance Morphed Into A Corporate Finance Tool

 

SEC Eases Life Broker-Dealer Control Rule

 

SEC wins round in viatical inquiry

 

Sec. 61. Gross income defined

 

Sec. 83 Property transferred in connection with performance of services

 

Section 7872 Treatment of loans with below-market interest rates

 

Sec. 1.79-3 - Determination of amount equal to cost of group-term life insurance

 

Selecting the Beneficiary of a Life Insurance Policy

 

Senators Urge Caution in Formulating Charity Reforms

 

Service Issues Guidance on Insurance Premiums Paid by Parent to Subsidiary

 

Supplemental Proposed Split-Dollar Regs Cover Valuation of Economic Benefit

 

Excerpts from Joint Committee on Taxation staff's discussion of the nonqualified deferred compensation provision included in Chairman Charles Grassley's (R-IA) mark of the tax bill now being considered by the Senate Finance Committee

 

Split Dollar   Heckerling Report – Split Dollar Has Split — So How Do We Finance Premiums Now?

 

Split Dollar   Split-Dollar Regs Contrary to Basic Tax Policy, Say Insurance Reps

 

Split Dollar   Split-Dollar Proposed Regs (PDF)

 

Split Dollar   Split-Dollar Reg (PDF)

 

Split Dollar   Addis v IRS – Contributions to National Heritage Foundation

 

Split Dollar   Planning for Split-Dollar Under the Latest Prop. Regs.: 20 Questions

 

Split Dollar   Attorney Recommends Changes to Proposed Regs Affecting Split-Dollar Life Insurance Arrangements

 

Split Dollar   Summary of Final Split Dollar Regulations

 

Split Dollar   Steve Leimberg – Final Split Dollar Regs – Part I

 

Split Dollar   Rev Rul 2003-105 Taxation of Split Dollar Insurance Arrangements

 

Split Dollar   Split Dollar Reg

 

Split Dollar   Split Dollar Release 9-11-03

 

State Digests of Insurance Exemption Laws

 

Stock Transfer to FLPs Deemed Indirect Gifts Due to Failure to Follow FLP Formalities

 

Stranger-Owned Life Insurance ("SOLI"): Killing the Goose That Lays Golden Eggs!

 

Stranger-Owned Life Insurance Free insurance? Found money? A good investment? A scam? What is it anyway?

 

State of New York Insurance Dept Position

 

Summary of State Insurable Interest Regulations

 

Survey Points to Public Blind Eye to Fake Insurance

 

Swiss Re Life Execs Say Mortality Improvements Not A Sure Thing - by Jim Connolly

 

Swiss Re Sigma Study: Millions Lack Adequate Life Insurance – Significant Mortality Protection Gaps In Australia, Germany, Italy, Taiwan And The Us

 

Symmetry in the Concept of Deductible Investment Interest

 

Tax Curbs Tax Deferral Strategy – WSJ

 

The Ten Most Common Life Insurance Mistakes and How to Avoid Them

 

Term Insurance Rates: The Ball Is In The Reinsurer’s Court  [PDF]

 

The Transfer for Value Tax Trap

 

The Transfer-For-Value Rule Causing the Loss of Tax-Free Status

 

Transfers of Life Insurance Policies Between Grantor Trusts Held Not to Violate Transfer for Value Rule

 

Treasury and IRS Issue Valuation Guidance for Life Insurance, 412(i) and Pension Rescue

 

Taxation of Trusts Generally

 

Treasury Works To Stem The Inappropriate Use Of Life Insurance And Annuity Contracts

 

Universal Life Guarantees FAQs

 

UL – Beware of What You Price For: Credit Implications of UL Secondary Guarantees for Life Insurers

 

UnumProvident Hit With $84.5M Verdict

 

Using a Transactional Analysis to Avoid the Transfer for Value Rule

 

Using Life Insurance to Reduce the Tax Bite on Retirement Plan Assets at Death

 

Valuing Life Insurance Policies for Tax Purposes

 

Vaughn Henry – Charity Oversight and Reform

 

Washington Report Bulletin on Just Released Economic Benefit Split Dollar Proposed Regs

 

Wealthy Family Is Suing Lawyer Over Tax Plan

 

Writer Recommends Changes to Proposed Split-Dollar Regs – Kirk D. Sherman

 

Writer Submits Suggestions for Proposed Split-Dollar Regs

 

Writer Suggests Changes to Guidance on Split-Dollar Arrangements

 

 

 

 

                      Get Acrobat Reader