Saving You Money For Life

President Barack Obama has proposed raising money to pay for his health-care overhaul by imposing $58 billion in new taxes on securities dealers, life insurance policies and Americans with valuable estates.

Basically the provisions would modify the tax rules when policyholders sell their coverage in a life settlement or viatical, and would reduce a deduction that life insurers claim when they manage assets in separate accounts. Another provision would further restrict tax benefits associated with corporate-owned life insurance.

What are your thoughts on this?  Do you think these provisions Obama has proposed are fair?

Tags: AccuQuote, Legal News and Info

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