IRS Ruling Could Help Fee-Only Advisors Use Life Insurance

October 31, 2023 by Allison Bell

The Internal Revenue Service has issued two new private letter rulings that could help life insurers create a new generation of life insurance policies aimed at fee-based and fee-only advisors.

The IRS sent the letters to Protective Life.

The letters would affect a variable universal life insurance policy that’s registered with the Securities and Exchange Commission as a security, as well as being registered with state insurance regulators as a life insurance policy.

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Originally Posted at Think Advisor on October 24, 2023 by Allison Bell.