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.
Click HERE to read the full story via Think Advisor