Description: Discusses how companies must ensure that significant and necessary product development, and administrative and compliance system changes, have been completed and tested in time to accommodate new requirements.

Description: Over the past few years, the Internal Revenue Service has issued two private letter rulings waiving the failure of certain fixed-premium universal life insurance FPUL contracts to satisfy the guideline premium test GPT under section 7702 of the Internal Revenue Code [see PLR 200328027 Apr. 10, 2003 and PLR 200230037 Apr. 30, 2002].

Description: Our third issue of Taxing Times arrives just as 2005 is coming to an end. Reflecting back on this past year, I am amazed and pleased with how much the Taxation Section has accomplished.

Description: Welcomes readers to the special supplement which takes a comprehensive look at Actuarial Guideline 43 VA CARVM.

Description: Discusses the peer-review process as it relates to articles submitted for TAXING TIMES.

Description: This editorial highlights the hot topics happening in the tax industry today.

Description: This editorial highlights the peer review process that all articles in the newsletter go through.

Description: Discusses the peer-review process as it relates to articles submitted for TAXING TIMES.

Description: Outgoing editor talks about the history of the newsletter, Taxing Times, and thanks all those who were involved in its inception years ago and those who work on the publication today.

Description: Discusses PLR 201046008, regarding addition of a rider to a variable life policy that provides a minimum annual amount of withdrawal or policy loan. Includes discussion of impact on NSP under CVAT, and Guideline Premium.