Tax Policy: Taxation of Single Premium Life Insurance

GGD-88-9BR Published: Oct 16, 1987. Publicly Released: Oct 16, 1987.

Highlights

In response to a congressional request, GAO provided information on single-premium life insurance, specifically: (1) its tax-favored investment status; (2) its increased sales relative to other life insurance; and (3) potential changes to its tax-favored status.

Full Report

Full Report (38 pages)

Office of Public Affairs

Chuck Young

Managing Director

youngc1@gao.gov

(202) 512-4800

Topics

Tax Policy and Administration

Insurance premiumsInsurance regulationInvestmentsLife insuranceTax administrationTax exempt statusTax expendituresTax sheltersTaxesInsurance industry