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.
