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How the PPLI Abuse Act Would Tax Policy Gains
How the PPLI Abuse Act Would Tax Policy GainsOne of the most significant features of the proposed PPLI Abuse Act is its treatment of investment gains inside non-compliant Private Placement Life Insurance (PPLI) contracts.Under current law, a qualifying PPLI policy generally allows investment returns within the segregated account to accumulate without annual federal income taxation. The proposed legislation would fundamentally change that treatment for contracts classified as Applicable Private Placement Contracts (APPCs).The discussion below describes the proposed legislation and not current…
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