Investment Uses of Life Insurance: Hearing Before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, House of Representatives, One Hundredth Congress, Second Session, March 15, 1988, Volume 4
United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
U.S. Government Printing Office, 1989 - Insurance companies - 245 pages
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abuse accumulation additional advertisements allow amount annual annuity apply approach appropriate believe borrow buildup cash value Chairman charges Code Committee concern Congress considered consumer cost death benefit definition distributions earnings effect example expenses fact favorable funds hearing income increase individuals industry inside insurance company insurance contracts insurance policies insurance protection interest Internal Revenue Code investment orientation issue legislation less limit means mortality NALU paid payment penalty percent period permanent life insurance plans policy loans policyholder premium contracts premium life insurance present problem proposal purchase question reason reduce require result rules savings single premium policies sold SPLI Stark statement Subcommittee substantial surrender tax shelter tax treatment tax-free taxable taxation term insurance Thank traditional treated vehicle whole withdrawals