Why Life Insurance Assets Might Still Be Safe From Congress
February 5, 2024 by Allison Bell
Congress could find new ways to tax the buildup of value inside cash-value life insurance policies this year, but it probably won’t.
Carmi Margalit, the life insurance sector lead at S&P Global Ratings, made that prediction Thursday at an S&P Global insurance hot topics conference in New York.
Margalit and other speakers avoided the hottest topic of all — what U.S. insurance policy might look like if Donald Trump returns to the White House in 2025 — but Margalit did touch on why he thinks inside insurance buildup might continue to be safe, in spite of pressure on Congress to cut the federal budget deficit.