NAIFA to urge Congress to maintain life insurance's tax status

04/7/2013 | Hill, The

NAIFA will focus on preserving the tax status of life insurance proceeds when members of the insurance industry arrive in Washington this week, NAIFA's Diane Boyle says. The group also is prepared to counter the argument that the "inside-buildup" incentive mainly benefits wealthy investors, arguing that nearly 60% of the households served by NAIFA members earn less than $100,000 annually. "We want to maintain those safety nets for individuals that are truly needy," Boyle said.

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Hill, The

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