Advisors: Tax Life And Annuity Asset Growth

Tax breaks for annual investments in life insurance and annuities could be limited to $10,000 under a proposal for sweeping tax reform being advanced by a presidential advisory panel.

Members of the President’s Advisory Panel on Federal Tax Reform talked about the proposal at a hearing Tuesday, but their written report is not due until Nov. 1.

Advisors: Tax Life And Annuity Asset Growth
Source: National Underwriter (subscription required)