Description: This article discusses final Treasury Regulations published in October 2019 under Internal Revenue Code sections 101 and 6050Y. The regulations cover new tax reporting requirements for transfers and sales of life insurance contracts, as well as changes to the transfer-for-value rules related to reportable policy sales

Description: Description and welcome to the 2020 Canadian Reinsurance Conference including highlight of the key note speaker

Description: The presenters will dig into the little rider that most actuaries don't spend much time thinking about. A regulator, a direct writer and a consultant will discuss their thoughts on this rider and point out areas where actuaries should focus before deeming it insignificant. Topics will include the current study underway to update the industry experience study (most recently done in 1952), underwriting considerations, interactions with other riders, benefit designs, unique issues on UL policies, tax implications and reserving considerations

Description: Congress has acted in recent years to remove outdated provisions governing the federal income taxation of life insurance companies from the Internal Revenue Code. In particular, section 809 and section 815 were repealed and suspended, respectively, in 2004. This article chronicles the demise of these provisions and explains why Congress was right in removing them from the Code.

Description: This article is a discussion about the life settlement industry and the tax considerations for life insurance bought and sold in the secondary market.

Description: This article is a discussion of the proposal to tax the inside build-up in life insurance policies and the consequences if it were to be adopted.

Description: Updates on partial annuitization and exhanges, prevailing CSO valuation mortality tables, disclosure of offshore accounts through FATCA.

Description: Discusses Internal Revenue Service Ruling 2011-9. Since ruling now applies to all taxpayers, not just the taxpayer in a prior private letter ruling, taxpayers that have taken a contrary position in past tax years may need to amend prior tax returns.

Description: The Society of Actuaries (SOA) has partnered with LIMRA and the American Council of Life Insurance (ACLI) to conduct a series of ‘sprint’ surveys on the coronavirus (COVID-19) pandemic and its potential impacts on the U.S. life insurance industry. This report contains a summary of the results of the second survey on best practices in monitoring and modeling the potential impact of COVID-19 mortality on life insurance industry claims.

Description: The goal of this survey is to collect and disseminate information on best practices around sales and the issuance of new business. This is a follow up to a similar survey fielded in April of this year and seeks to update participants regarding changes in practices and viewpoints since April.