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Potential Tax Law Changes and Implications for Life Insurance
Published: March 4, 2022
Tracking Code: 70093
Business Line: Advanced Planning
Category: Estate Planning & Wealth Transfer

Wealth transfer plans will be affected if proposed tax code changes are signed into law. Some of the changes contained in The 99.5 Percent Act would have a dramatic effect on a foundational component of wealth transfer planning – the irrevocable life insurance trust (ILIT).

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