July 01, 2001

The Effect of the Secondary Market on the Valuation of Life Insurance Contracts (2001, 15:04)

The Effect of the Secondary Market on the Valuation of Life Insurance Contracts

Probate and Property, July/August 2001, Volume 15, Number 4

By Neil Alexander and Jon J. Gallo


The recent development of a secondary market in life insurance policies is causing sleepless nights for many estate planners. Having a profound and uncertain effect on income, estate and gift tax planning involving the sale or other transfer of many life insurance contracts, the secondary market raises numerous fascinating and troubling issues. Some have already been resolved by statute. Others remain open, and only time (and the IRS) will supply the answers.  

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