President Obama is seeking several changes in the tax code with implications for life insurance owners, including an indirect tax on the inside build-up of cash values for corporate-owned life insurance and a tightening of the rules for taxation of life settlements. There are also tax raising provisions affecting life insurance companies with over $50 billion in assets. As you can imagine we anticipate that there will be significant industry resistance. We will keep you informed as these possible changes make their way through the legislative process.
No rating changes of note this month so we thought we would share the Top 25 companies and their ratings from our website for reference.
Top 25 Insurance Company Ratings