Highlights
Converting term insurance to new permanent insurance is a benefit under many life insurance policies. Beginning April 1, 2016, we will no longer treat converted coverage as a tax continuation. This will help us provide better service to clients. This is an administrative change to our practice of treating certain converted coverage as a continuation of the original coverage from a tax perspective.
Repsource files and links
Term conversions will no longer be treated as a continuation of coverage April 1
https://repsource.manulife.com/ds001ap/wps/myportal/Repsource/Repsource/NewsRoom?urile=wcm:path:/repsourceNews/News+Content/Insurance/NewsStories/news_ins_termconvapr1
URL will be live Monday.
| Attachment | Size | Type |
|---|---|---|
| Term Conversions - Tax Continuations article - Feb 2016 - ENG.pdf | 78.68 KB | application/pdf |