Life Insurance Section 7702

Michael Wander, Wander CPA Logo

In 1984, when Section 7702 was enacted, Insurance carriers were required to provide at least 4% guaranteed interest rate of return. This could be net of reasonable carrier expenses. Since the reduction of interest rates (Moody’s AA corporate Bond Yield went from 12% in the 80’s to 2-3%), Section 7702 required from 4% to 2%.

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Tax-Saving Tips – April

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Tax-Saving Tips – March

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Tax-Saving Tips – February

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Tax-Saving Tips – January

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