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New Laws for New Policies

Changes to IRC Section 7702 encourage stability and reduce risk for permanent life insurance

Deep inside the Consolidated Appropriations Act, 2021 (CAA), among changes to Montana water rights and public health laws, are changes to outdated interest rates impacting buyers of newly issued permanent cash value life insurance policies. The changes apply to life insurance policies (general account and variable) issued after Jan. 1, 2021.1 


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TAGS: Insurance
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