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#51
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![]() So it turns out that there is still a cash value floor with the 92.xx% of Stat rate. Good to know.
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#52
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![]() https://www.soa.org/prof-dev/events/2018-tax-reform/
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#53
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![]() So I heard that the stat reserve you use is the minimum statutory reserve and that you would subtract deferred premium from it. But the Cash Value would be the actual cash value.
What say you all? |
#54
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![]() Yes, cash value would be actual cash value. There was a presentation at LAS that might be of interest, tax reform stuff starts on page 21
https://www.soa.org/pd/events/2018/l...ession-026.pdf |
#55
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![]() edit: Oh, this is for life insurance company taxable income in 2017 and prior.
FAQ on Life Insurance Tax Reserve Methods and Assumptions Prepared by the Tax Work Group of the Life Practice Council of the American Academy of Actuaries May 2018 http://www.actuary.org/files/publica...ssumptions.pdf Last edited by 1695814; 05-15-2018 at 05:52 PM.. |
#56
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![]() This is the (new) current code, afaict: http://uscode.house.gov/view.xhtml?h...false%7Cprelim
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#57
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![]() Quote:
Quote:
Last edited by 1695814; 05-16-2018 at 01:51 PM.. |
#58
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#59
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![]() Quote:
Using number guy's link... Quote:
I'll just post it here with my comments in blue: Quote:
Is my deduction for the next eight years a flat 80k/8 = 10,000? Is it really that simple or am I reading that section incorrectly? What happens if a large chunk of those policies lapse/die? Do I still get to keep taking that 10,000 deduction? |
#60
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![]() Quote:
Bruce |
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