Federal Income Tax Issues Every Company Must Consider Under Life PBR Webcast Recording

June 10, 2016


External Forces & Industry Knowledge

Presented by

Taxation Section


The adoption of Life PBR represents a change in how life insurance reserves are determined for statutory purposes. Companies will likewise need to determine how the adoption of Life PBR will change the way their deductible life insurance reserves are computed for Federal income tax purposes. This webcast will explore what issues may arise for Federal income tax purposes and what approaches companies-and the IRS-may take. Topics may include policyholder taxation, transition issues (such as the three-year transition and small-company exemption), methods and assumptions in the federally prescribed reserve, as well as application of the statutory cap.