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| Author: | Hira, L. |
| Title: | Exchanging life insurance and annuity contracts |
| Journal: | Journal of Accountancy
1994 : AUG, p. 66-72 |
| Index terms: | ACCOUNTING FINANCE LIFE INSURANCE |
| Language: | eng |
| Abstract: | Insurance company failures are leading some consumers to reevaluate their insurers' financial health - and switch companies. Here's what CPAs need to know about the rules for such exchanges so they remain tax-free. Recent insurance industry troubles have prompted many policyholders to review their insurers' solvency. The result: Policyholders are replacing old life insurance and annuity contracts at a rapid rate. |
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