Lawmakers and the Administration finally agree on financial services reform

Article Abstract:

The author discusses federal legislation enacted in late 1999 which significantly impacts the financial services industry by allowing greater market infiltrations and flexible organizational structures.

Author: Saks, Howard J.
Financial Services, Finance and Insurance, Laws, regulations and rules, Financial services industry

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Viatical settlements: new opportunities for wealthy individuals and business owners

Article Abstract:

The favorable tax treatment of life insurance on terminally or chronically ill persons provides new tax and estate planning opportunities for third-parties purchasing such policies through viatical settlement companies. The Health Insurance Portability and Accountability Act of 1996 provides for gross income exclusion of the proceeds for those holding specified viatical settlement policies. Look-alike policies which do not meet the statutory criteria for favorable tax treatment could still be of planning use for some.

Author: Saks, Howard J.
Life Insurance, Direct Life Insurance Carriers, Methods, Usage, Taxation, Tax planning, Viatical settlements

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Long-term care insurance policies require a closer look in 1999

Article Abstract:

Changes in long-term care insurance policies that took place between 1991 and 1999 are examined. Topics include the impact of the Health Insurance Portability and Accountability Act of 1996 on LTC insurance, partnership policies available in some states, and the need for LTC insurance.

Author: Saks, Howard J.
States, Analysis, Interpretation and construction, Financial planning, Insurance policies, Long-term care insurance, Long term care insurance

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Subjects list: United States
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