COLI/BOLI

Proposal to Modify the Tax Treatment of Corporate-Owned Life Insurance Continues to Receive Attention

Topics: COLI/BOLI

The tax treatment of corporate-owned life insurance (“COLI”) continues to receive scrutiny from congressional tax writers and the Obama Administration. While progress toward reform of the Internal Revenue Code (“IRC”) may slow in light of the upcoming congressional midterm elections, a proposal that would indirectly impose a tax penalty on owners of COLI continues to…