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1. Yes, I'll agree with that.
2. No. The interest and dividends (if any) become taxable when they are not currently taxable. That's an annual taxation obligation via 1099. Just having cash values with no gains won't be an issue. That's just a return of principal within the policy.
However, non-par whole life generally won't be under attack. It'll be the participating WL and IUL policies that would be most affected by such legislation.
2. No. The interest and dividends (if any) become taxable when they are not currently taxable. That's an annual taxation obligation via 1099. Just having cash values with no gains won't be an issue. That's just a return of principal within the policy.
However, non-par whole life generally won't be under attack. It'll be the participating WL and IUL policies that would be most affected by such legislation.
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