Putting Your Clients' Tax

Refund to Work

Federally legislated changes to the current tax rules begin January 1, 2017 and will impact the amount of money that can accuulate within an exempt life insurance policy on a tax-preferred basis.  Herei's a look at how changes to the Adjusted Cost Basis (ACB) of a life insurance policy and to the Net Cost of Pure Insurance (NCPI will impact corporate-owned policies where the corporation is the beneficiary of the death benefit.