AALU to Congress: Life insurance is not a tax expenditure

May 9, 2013 by Warren S. Hersch

In preparation for the coming debate on tax reform, the industry is now marshaling arguments to defend the long-standing tax-favored treatment of its products. High among its talking points is this one: that life insurance does not belong on Congress’ list of tax expenditures because the product does not meet the definition of one.

This position, which is to figure prominently in industry lobbying on tax reform this year – including visits to Capitol Hill this week by members of the Association for Advanced Life Underwriting – was revealed during a general session on Tuesday at the AALU’s annual meeting. Click here to read…

Originally Posted at LifeHealthPro on April 30, 2013 by Warren S. Hersch.