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    • Sen. Ron Wyden takes on private placement life insurance with new bill

    December 17, 2024 by John Hilton

    New legislation from Sen. Ron Wyden, D-Ore., would reclassify and tax life insurance primarily used by the ultra-wealthy.

    Wyden, chairman of the Senate Finance Committee for another two weeks, has long had private placement life insurance in his sights. He released a draft proposal this morning, Bloomberg reported, to reclassify private placement life insurance polices and similar annuities as “private placement contracts” if they meet certain criteria.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on December 2024 by John Hilton.

    Categories: Industry Articles
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