IRS Addresses Treatment of Longevity Insurance as Annuity Contract
Recent letter rulings illustrate that, new and innovative products that provide a desired risk protection, can be structured to function within the existing tax guidelines. These longevity insurance products offer mortality/longevity protection in a varied and innovative format. The IRS's logic...
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| Veröffentlicht in: | Journal of Taxation of Financial Products 2010-01, Vol.8 (4), p.37 |
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| container_issue | 4 |
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| container_title | Journal of Taxation of Financial Products |
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| creator | Baker, Stephen Leboeuf, Michael |
| description | Recent letter rulings illustrate that, new and innovative products that provide a desired risk protection, can be structured to function within the existing tax guidelines. These longevity insurance products offer mortality/longevity protection in a varied and innovative format. The IRS's logical and well reasoned conclusions along with its willingness to address these new and innovative products should serve as encouragement to those who develop the life and annuity products necessary to meet ever changing consumer demands and needs. Letter Rulings 200949007 and 201001016 are both addressed to individuals establishing the investment accounts in question. IRS Letter Ruling 200949036 is addressed to an insurance company guaranteeing the benefits associated with this type of investment account. |
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| fulltext | fulltext |
| identifier | ISSN: 1529-9287 |
| ispartof | Journal of Taxation of Financial Products, 2010-01, Vol.8 (4), p.37 |
| issn | 1529-9287 |
| language | eng |
| recordid | cdi_proquest_reports_619321792 |
| source | HeinOnline Law Journal Library; EBSCOhost Business Source Complete |
| subjects | Annuities Asset allocation Insurance contracts Investment policy |
| title | IRS Addresses Treatment of Longevity Insurance as Annuity Contract |
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