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1 min read

SCOTUS Ruling Narrows Buy-Sell Agreement Tax Benefits

By NAIFA on 6/14/24 2:38 PM

In Connelly vs. United States, the Supreme Court (SCOTUS) ruled that life insurance proceeds increased the value of a closely held business’ stock and therefore had to be included in valuation of the company for estate tax purposes. The ruling impacts some buy-sell agreements where the life insurance is owned by the company rather than by the individuals who own the company.

Topics: Life Insurance & Annuities Taxes SCOTUS
5 min read

NAIFA’s Roger Moore Attends NAIC Spring National Meeting

By NAIFA on 4/15/24 2:01 PM

NAIFA’s Policy Director Roger Moore attended NAIC’s Spring National Meeting on March 15-18, where he had the opportunity to strengthen NAIFA’s relationships with state regulators and industry trade partners, as well as advocate for key priorities affecting NAIFA’s members.

Topics: Long-Term Care Life Insurance & Annuities Financial Literacy NAIC Artificial Intelligence
1 min read

SEC Issues Proposed Rule on RILA Implementation

By NAIFA on 10/16/23 11:38 AM

On September 29, the U.S. Securities and Exchange Commission issued a proposed rule to implement the Registration for Index-Linked Annuities (RILA) Act, which directed the SEC to devise a new form for annuity issuers to use when filing registered index-linked annuities (RILAs). That legislation was enacted in December 2022 as part of the Consolidated Appropriations Act, 2023 which also included the Secure 2.0 Act.

Topics: Life Insurance & Annuities Legislation & Regulations SEC