Upcoming changes to the taxation of life insurance… and what it means to you

July 4th, 2016

 

It’s been 34 years since the government updated the rules for the life insurance “exempt test” – a test that allows insurance policies to benefit from tax-exempt growth.  There will be a significant impact to policies issued after December 31, 2016.  This edition of TaxBites discusses the changes and the actions you might consider before time runs out.


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