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  2. Internal Revenue Code section 79 - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    Insurance cash values may provide tax-free income as long as the policy is kept in force and withdrawals do not exceed the cost basis; A section 79 plan may be used for the following applications Group life insurance benefits; Deductible insurance to fund estate planning needs of the business owner

  3. IRS Section 7702: Life Insurance Tax Definition - AOL

    www.aol.com/irs-section-7702-life-insurance...

    Some life insurance policies also offer the opportunity to accumulate cash value through an investment component. … Continue reading → The post IRS Section 7702: Life Insurance Tax Definition ...

  4. 1035 Exchange: How To Exchange an Annuity or Life Insurance ...

    www.aol.com/1035-exchange-exchange-annuity-life...

    If you want to update a cash-value life insurance policy or annuity, you may have heard of the 1035 exchange. This IRS provision, based on Section 1035(a)(3) of the IRS code, allows you to exchange...

  5. Nonqualified deferred compensation - Wikipedia

    en.wikipedia.org/wiki/Nonqualified_deferred...

    However, the deferred compensation will be still subject to the hospital insurance portion of the FICA tax (referred to as the "HI" portion, or "Medicare tax") because the hospital insurance wage base is currently unlimited. The employee portion of the Medicare tax is 1.45% of wages (and an extra 0.9% for high-earners).

  6. Section 831 (b) - Wikipedia

    en.wikipedia.org/wiki/Section_831(b)

    Internal Revenue Code (I.R.C.) Section 831(b) is a U.S. tax law that provides specific tax benefits to certain small insurance companies, [1] often referred to as "micro-captives". [2] Established to encourage the formation of small insurance companies, it offers an alternative risk-management solution that can supplement or even replace ...

  7. The Senate is targeting life-insurance policies that allow ...

    www.aol.com/news/senate-targeting-life-insurance...

    Private-placement life insurance is a little-known tax-avoidance tactic. When structured correctly, PPLI policies can be used to pass on assets from stocks to yachts to heirs without incurring an ...

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