Treasury Proposes Curbs on Use of Life and Annuities in Wealth Planning

March 12, 2024 by Allison Bell

The U.S. Treasury Department hopes to keep very wealthy individuals and families from using customized life insurance policies and annuities to cut their taxes.

The department has added a proposal to “Limit Tax Benefits for Private Placement Life Insurance and Similar Contracts” in its “Greenbook,’ or detailed discussion of revenue-raising proposals, for fiscal year 2025.

Click HERE to read the full story via Think Advisor

Wink’s Moore on the Market: Using Private Placement Life Insurance or Private Placement Annuities?

You may be kissing them goodbye soon… -sjm

Originally Posted at Think Advisor on March 12, 2024 by Allison Bell.