Taxation of Life Insurance and Annuities -- CLEQ

This course provides a comprehensive study of the taxation of life insurance and annuities.  As life insurance and annuities have become more complex, so too have the tax rules that govern these products. This course covers the basic rules of individual life insurance and annuity taxation, focusing on income tax, estate tax, and gift tax. Recognizing life insurance and annuities as valuable social tools, current tax law provides generally favorable treatment for these products.  Producers who understand these rules can provide a valuable service for their clients by helping design and implement life insurance and annuity plans that take maximum advantage of the tax laws.  Life insurance and annuities are frequently the tools of choice for planners and their clients because of the many tax benefits these products provide.  

The course covers the following topics:
  • Income Taxation of Life Insurance Death Benefits
  • Income Taxation of Life Insurance Living Benefits
  • Taxation of Viaticals and Life Settlements
  • Income Taxation of Annuities
  • Estate Taxation of Life Insurance and Annuities
  • Gift Taxation of Life Insurance Transfers
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