1985 0719 - GOV (House) - Impact of Tax Reform on Insurance Industry - Stark
- 1985 0719 Impact of Tax Reform on Insurance Industry, Pete Stark (D-CA) --- [BonkNote]
- [PDF-GooglePlay-Part 7 of 9-1175p, VIDEO-CSPAN]
- House - Committee on Ways and Means
- Witnesses testified on the effects that President Ronald Reagan’s proposed tax reform will have on the Life insurance industry.
- Beck- Who pays more?
- Paperwork - Beck, it would be tough
- (p6072) - Ian ROLLAND, ACLI, Lincoln National Life. I guess I would comment that I really don't see any reason to treat interest on a life insurance policy loan different than interest on any other kind of a loan that an individual takes out.
- I don't think it would be fair to single out that sort of loan from any other. It is simply a life policy loan, is simply a way for somebody to borrow using the life insurance cash value as collateral for that loan.
- Hal DAUB (R-NE) - To buy stock or a building or what else?
- Ian ROLLAND, ACLI, Lincoln National Life. - Whatever purpose that they use any other loan for.
- The reasons for borrowing life insurance cash values are similar to loans that people take out for other purposes, so I don't see any reason this kind of borrowing ought to be singled out for different treatment from other loans.
- Robert Beck, Prudential, Chairman and Chief Executive Office
- RE: Vanishing Premium
- (p6069) - Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments.
- (at approx. 2:27:00-2:27:30) - [VIDEO-CSPAN] - Impact of Tax Reform on Insurance Industry
1985 0719 Impact of Tax Reform on Insurance Industry, Pete Stark (D-CA) --- [BonkNote]
- 1985 0719 - GOV (House) - Comprehensive Tax Reform (9parts) aka Impact of Tax Reform on Insurance Industry
- Richard Schweiker, Life Insurance Industry Reform
- 1985 0719 - GOV (House) - Comprehensive Tax Reform (9parts) aka Impact of Tax Reform on Insurance Industry
- Inside Buildup
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1:17:05 |
1:18: |
Math Guys |
Tax Chart |
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1:20:15 |
1:21:37 |
Stark |
Knowledge helps |
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1:23: |
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1:3x |
Ian Roland |
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1:43:26 |
1:43:45 |
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Life Insurance is …fixed…price…assumptions |
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1:45:14 |
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Beck |
Welcome Bob - Stark |
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1:48:52 |
1:52 |
Beck |
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1:53:33 |
1:54:04 |
Beck |
Reserves |
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1:54:03 |
1:54:44 |
Beck |
3 tax regimes, through the mill, already reformed |
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Beck reserves up 50% |
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GAO forecast, report, |
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Schweicker |
How many times does the Industry need to be reformed, as many as it takes |
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Beck |
Which is cheaper til 65 |
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Beck |
Schweiker - Spent time with him last year now he is with ACLI |
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Beck |
Vanishing Premium - yes, it should work |
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Stark / other guy |
No, that's not the reason…..more money |
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