7702

Life Insurance and Modified Endowments Under Internal Revenue Code Sections 7702 and 7702A, Christian J. DesRochers, FSA, John T. Adney, et al.

 

 

  1. 1996-1006
    1. 7.10 If the guideline level premium will not provide coverage to the end of the term of the contract, does the illustration have to display the annual term charges allowed by § 7702 or can the illustration explain that the coverage will terminate?
    2. See Question 7.9. Either may be illustrated as long as the insurer discloses the effect of what is illustrated.
The Heroes Act – 2020
https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/documents/Heroes%20Act%20Summary.pdf

NAIC – LAHTF