Life Insurance Execs See Tax Reform As Good For The Industry
December 19, 2017 by Cyril Tuohy
Lower corporate tax rates in the $1.5 trillion tax reform package are expected to help the life insurance industry in at least two ways, industry executives say. One way is that group life insurance sales will see a boost as Americans join payrolls in an expanding economy. The other way is that those lower corporate tax rates will lower risk-based capital (RBC) ratios for insurers.