Silver-Lined Cloud Has Certain Rules

Repya, Debra S.
December 2009
Best's Review;Dec2009, Vol. 110 Issue 8, p96
Trade Publication
The author discusses employer-owned life insurance and U.S. Internal Revenue Service (IRS) rules. She focuses on the tax-free death benefit, noting that noncompliance will result in a taxable death benefit. She outlines specifics of the rules, such as situations that must exist in order to receive the tax-free death benefit, rules about notice and consent, and rules about executive benefit arrangements. She says that financial advisors working in business markets should explain these rules to employers.


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