AALU Articles

SECURE Act Letter – Senator Scott

October 15, 2019 The Honorable Mitch McConnell Majority Leader United States Senate S-230, The Capitol Washington, DC 20510 Dear Leader McConnell, We are writing about the importance of the Senate passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act. This bipartisan legislation would expand access to retirement plans for millions of Americans, especially…

Impact Of Proposed Regulations On Reportable Policy Sales On COLI/BOLI Marketplace

April 18, 2019 Disclaimer This memorandum is not intended to constitute tax or legal advice. The Regulation https://www.govinfo.gov/content/pkg/FR-2019-03-25/pdf/2019-05400.pdf Comments are due May 9, 2019. Background The Tax Cuts and Jobs Act of 2017 included language that modified the Transfer for Value rules pertaining to certain life insurance contracts by subjecting them to new reportable policy…