Breaking Down the Proposed Tax Changes A new law called the Secure Family Futures Act is shaking things up in the life insurance world. The aim of this proposed legislation? To modernize how life insurers are taxed on certain types of investments, like bonds. Right now, these investments fall under something called “capital tax treatment.” It’s a complicated rule that limits how much insurers can handle financial losses and reinvest in the economy. The proposed change would simplify things, making these investments taxable under ordinary rules and extending flexibility for…
Read MoreNew Tax Proposal Could Change How Life Insurance Companies Manage Their Money
