GAO Report
Report on Tax Treatment of Life Insurance and Annuity Contracts
In January 1990, the U.S. Government Accountability Office (GAO) released a pivotal report titled Tax Treatment of Life Insurance and Annuity Accrued Interest.
This report evaluated the implications of the tax-deferred growth, known as "inside buildup," associated with life insurance and annuity contracts.
The 3 Main Pages Below:
If you want to access the full 56 page GAO Report you can get it here. The good stuff starts in Chapter 3 (page 24 of file, page 22 of the report itself) with the section governing life insurance cash and its tax status on page 29 of the file, page 27 of the report itself.
Access It Here
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